Technical analysis EURJPY for 02.10.2024
02.10.2024 01:09
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 158.300. The closest resistance is the level 159.000
Key levels
- 160.300, 159.500, 159.000, 158.300, 157.750
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 159.000, with Take Profit of 158.300 and Stop Loss of 159.500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 159.500, with Take Profit of 160.300 and Stop Loss of 159.000
Scenario
Recommendation
SELL LIMIT
Entry Point
159.000
Take Profit
158.300
Stop Loss
159.500
Key Levels
160.300, 159.500, 159.000, 158.300, 157.750
Alternative scenario
Recommendation
BUY STOP
Entry Point
159.500
Take Profit
160.300
Stop Loss
159.000