Technical analysis EURJPY for 08.12.2023
08.12.2023 00:46
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 155.300. The closest resistance is the level 155.900
Key levels
- 157.050, 156.350, 155.900, 155.300, 154.700
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 155.900, with Take Profit of 155.300 and Stop Loss of 156.350
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 156.350, with Take Profit of 157.050 and Stop Loss of 155.900
Scenario
Recommendation
SELL LIMIT
Entry Point
155.900
Take Profit
155.300
Stop Loss
156.350
Key Levels
157.050, 156.350, 155.900, 155.300, 154.700
Alternative scenario
Recommendation
BUY STOP
Entry Point
156.350
Take Profit
157.050
Stop Loss
155.900