Technical analysis EURJPY for 01.04.2024
01.04.2024 02:06
Intraday
Technical
The Tenkan-sen line is located below 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. The closest support is the level 163.100. The closest resistance is the level 163.500
Key levels
- 164.000, 163.500, 163.100, 162.700, 162.100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 163.100, with Take Profit of 162.700 and Stop Loss of 163.500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 163.500, with Take Profit of 164.000 and Stop Loss of 163.100
Scenario
Recommendation
SELL STOP
Entry Point
163.100
Take Profit
162.700
Stop Loss
163.500
Key Levels
164.000, 163.500, 163.100, 162.700, 162.100
Alternative scenario
Recommendation
BUY STOP
Entry Point
163.500
Take Profit
164.000
Stop Loss
163.100