Technical analysis EURJPY for 07.07.2023
07.07.2023 01:44
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 crosses bottom upward the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 157.720. The closest support is the level 155.990
Key levels
- 159.000, 158.500, 157.720, 155.990, 155.180, 153.620
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 157.720, with Take Profit of 158.500 and Stop Loss of 156.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.990, with Take Profit of 155.180 and Stop Loss of 156.850
Scenario
Recommendation
BUY STOP
Entry Point
157.720
Take Profit
158.500
Stop Loss
156.850
Key Levels
159.000, 158.500, 157.720, 155.990, 155.180, 153.620
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.990
Take Profit
155.180
Stop Loss
156.850