Technical analysis EURJPY for 09.05.2022
09.05.2022 02:05
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 138.050. The closest support is the level 137.510
Key levels
- 139.010, 138.540, 138.050, 137.510, 137.170, 136.850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 138.050, with Take Profit of 138.540 and Stop Loss of 137.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 137.510, with Take Profit of 137.170 and Stop Loss of 137.700
Scenario
Recommendation
BUY STOP
Entry Point
138.050
Take Profit
138.540
Stop Loss
137.700
Key Levels
139.010, 138.540, 138.050, 137.510, 137.170, 136.850
Alternative scenario
Recommendation
SELL STOP
Entry Point
137.510
Take Profit
137.170
Stop Loss
137.700