Technical analysis EURJPY for 02.08.2023

02.08.2023 01:33
Intradía
Técnico

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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 157.900. The closest support is the level 156.420

Key levels

  • 159.220, 158.650, 157.900, 156.420, 155.620, 154.980

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 157.900, with Take Profit of 158.650 and Stop Loss of 157.250

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 156.420, with Take Profit of 155.620 and Stop Loss of 157.250

Guión
Recomendación
BUY STOP

Punto de entrada
157.900

Take Profit
158.650

Stop Loss
157.250

Niveles clave
159.220, 158.650, 157.900, 156.420, 155.620, 154.980
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
156.420

Take Profit
155.620

Stop Loss
157.250