Technical analysis EURJPY for 05.12.2023
05.12.2023 00:57
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 159.100. The closest resistance is the level 159.600
Key levels
- 160.150, 159.600, 159.100, 158.725, 158.400
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 159.100, with Take Profit of 158.725 and Stop Loss of 159.600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 159.600, with Take Profit of 160.150 and Stop Loss of 159.100
Scenario
Recommendation
SELL STOP
Entry Point
159.100
Take Profit
158.725
Stop Loss
159.600
Key Levels
160.150, 159.600, 159.100, 158.725, 158.400
Alternative scenario
Recommendation
BUY STOP
Entry Point
159.600
Take Profit
160.150
Stop Loss
159.100