Technical analysis for 12.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. 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

Key levels

1.29890, 1.30200, 1.30810, 1.31120, 1.31440

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.30100, with Take Profit of 1.30800 and Stop Loss of 1.29890

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.30810, with Take Profit of 1.30200 and Stop Loss of 1.31120