Technical analysis EURJPY for 30.08.2023
30.08.2023 01:27
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 158.500. The closest resistance is the level 159.100
Key levels
- 159.800, 159.100, 158.500, 157.900, 157.200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 159.100, with Take Profit of 159.800 and Stop Loss of 158.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 158.500, with Take Profit of 157.900 and Stop Loss of 159.100
Scenario
Recommendation
BUY STOP
Entry Point
159.100
Take Profit
159.800
Stop Loss
158.500
Key Levels
159.800, 159.100, 158.500, 157.900, 157.200
Alternative scenario
Recommendation
SELL STOP
Entry Point
158.500
Take Profit
157.900
Stop Loss
159.100