Technical analysis EURJPY for 07.10.2024
07.10.2024 01:29
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is 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 162.850. The closest resistance is the level 163.750
Key levels
- 164.650, 163.750, 162.850, 161.600, 160.700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.750, with Take Profit of 164.650 and Stop Loss of 162.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 162.850, with Take Profit of 161.600 and Stop Loss of 163.750
Scenario
Recommendation
BUY STOP
Entry Point
163.750
Take Profit
164.650
Stop Loss
162.850
Key Levels
164.650, 163.750, 162.850, 161.600, 160.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
162.850
Take Profit
161.600
Stop Loss
163.750