Technical analysis EURJPY for 06.09.2024
06.09.2024 01:00
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 158.700. The closest resistance is the level 159.745
Key levels
- 161.350, 160.400, 159.745, 158.700, 157.725
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 159.745, with Take Profit of 158.700 and Stop Loss of 160.400
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 160.400, with Take Profit of 161.350 and Stop Loss of 159.745
Scenario
Recommendation
SELL LIMIT
Entry Point
159.745
Take Profit
158.700
Stop Loss
160.400
Key Levels
161.350, 160.400, 159.745, 158.700, 157.725
Alternative scenario
Recommendation
BUY STOP
Entry Point
160.400
Take Profit
161.350
Stop Loss
159.745