Technical analysis EURJPY for 29.08.2024
29.08.2024 00:54
Intraday
Technical
The Tenkan-sen line is located below 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 160.200. The closest resistance is the level 161.050
Key levels
- 162.300, 161.050, 160.200, 159.350, 158.400
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 160.200, with Take Profit of 159.350 and Stop Loss of 161.050
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 161.050, with Take Profit of 162.300 and Stop Loss of 160.200
Scenario
Recommendation
SELL STOP
Entry Point
160.200
Take Profit
159.350
Stop Loss
161.050
Key Levels
162.300, 161.050, 160.200, 159.350, 158.400
Alternative scenario
Recommendation
BUY STOP
Entry Point
161.050
Take Profit
162.300
Stop Loss
160.200