Technical analysis EURJPY for 19.03.2024
19.03.2024 00:17
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 162.000. The closest resistance is the level 162.650
Key levels
- 163.225. 162.650, 162.000, 161.550, 160.800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 162.000, with Take Profit of 162.650 and Stop Loss of 161.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.550, with Take Profit of 160.800 and Stop Loss of 162.000
Scenario
Recommendation
BUY LIMIT
Entry Point
162.000
Take Profit
162.650
Stop Loss
161.550
Key Levels
163.225. 162.650, 162.000, 161.550, 160.800
Alternative scenario
Recommendation
SELL STOP
Entry Point
161.550
Take Profit
160.800
Stop Loss
162.000