Technical analysis EURJPY for 25.04.2024
25.04.2024 01:07
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 165.800. The closest resistance is the level 166.600
Key levels
- 167.850, 166.600, 165.800, 164.650, 163.700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.600, with Take Profit of 167.850 and Stop Loss of 165.800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.800, with Take Profit of 164.650 and Stop Loss of 166.600
Scenario
Recommendation
BUY STOP
Entry Point
166.600
Take Profit
167.850
Stop Loss
165.800
Key Levels
167.850, 166.600, 165.800, 164.650, 163.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.800
Take Profit
164.650
Stop Loss
166.600