Technical analysis EURJPY for 05.10.2023
05.10.2023 01:06
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 is below 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 157.100. The closest support is the level 155.900
Key levels
- 159.380, 158.240, 157.100, 155.900, 154.970
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 157.100, with Take Profit of 158.240 and Stop Loss of 156.560
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.900, with Take Profit of 154.970 and Stop Loss of 156.560
Scenario
Recommendation
BUY STOP
Entry Point
157.100
Take Profit
158.240
Stop Loss
156.560
Key Levels
159.380, 158.240, 157.100, 155.900, 154.970
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.900
Take Profit
154.970
Stop Loss
156.560