Technical analysis EURJPY for 24.05.2024
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
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 169.300. The closest resistance is the level 170.100
Key levels
- 170.900, 170.100, 169.300, 168.300, 167.500
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 170.100, with Take Profit of 170.900 and Stop Loss of 169.300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 169.300, with Take Profit of 168.300 and Stop Loss of 170.100
Scenario
Recommendation
BUY STOP
Entry Point
170.100
Take Profit
170.900
Stop Loss
169.300
Key Levels
170.900, 170.100, 169.300, 168.300, 167.500
Alternative scenario
Recommendation
SELL STOP
Entry Point
169.300
Take Profit
168.300
Stop Loss
170.100
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.