Technical analysis EURJPY for 09.08.2023
09.08.2023 01:19
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 156.750. The closest resistance is the level 157.400
Key levels
- 157.850, 157.400, 156.750, 156.425, 155.950
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 156.750, with Take Profit of 157.400 and Stop Loss of 156.425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.425, with Take Profit of 155.950 and Stop Loss of 156.750
Scenario
Recommendation
BUY LIMIT
Entry Point
156.750
Take Profit
157.400
Stop Loss
156.425
Key Levels
157.850, 157.400, 156.750, 156.425, 155.950
Alternative scenario
Recommendation
SELL STOP
Entry Point
156.425
Take Profit
155.950
Stop Loss
156.750