Technical analysis EURJPY for 27.06.2024

27.06.2024 00:51
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 171.550. The closest resistance is the level 171.900

Key levels

  • 172.200, 171.900, 171.550, 171.350, 171.000

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 171.550, with Take Profit of 171.900 and Stop Loss of 171.350

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 171.350, with Take Profit of 171.000 and Stop Loss of 171.550

Scenario
Recommendation
BUY LIMIT

Entry Point
171.550

Take Profit
171.900

Stop Loss
171.350

Key Levels
172.200, 171.900, 171.550, 171.350, 171.000
Alternative scenario
Recommendation
SELL STOP

Entry Point
171.350

Take Profit
171.000

Stop Loss
171.550