Technical analysis EURJPY for 27.01.2022
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 128.35. The closest resistance is the level 128.95
Key levels
- 131.42, 130.61, 130.00, 129.50, 128.95, 128.35, 127.50, 126.70
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 128.35, with Take Profit of 127.50 and Stop Loss of 128.95
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 128.95, with Take Profit of 129.50 and Stop Loss of 128.35