Technical analysis EURJPY for 06.03.2024

06.03.2024 00:43
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 162.625. The closest resistance is the level 163.175

Key levels

  • 163.775, 163.175, 162.625, 161.900, 161.300

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 163.175, with Take Profit of 163.775 and Stop Loss of 162.625

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 162.625, with Take Profit of 161.900 and Stop Loss of 163.175

Guión
Recomendación
BUY STOP

Punto de entrada
163.175

Take Profit
163.775

Stop Loss
162.625

Niveles clave
163.775, 163.175, 162.625, 161.900, 161.300
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
162.625

Take Profit
161.900

Stop Loss
163.175