Technical analysis EURJPY for 06.06.2024
06.06.2024 02:50
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 168.950. The closest resistance is the level 170.000
Key levels
- 171.450, 170.650, 170.000, 168.950, 168.100
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 170.000, with Take Profit of 168.950 and Stop Loss of 170.650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 170.650, with Take Profit of 171.450 and Stop Loss of 170.000
Scenario
Recommendation
SELL LIMIT
Entry Point
170.000
Take Profit
168.950
Stop Loss
170.650
Key Levels
171.450, 170.650, 170.000, 168.950, 168.100
Alternative scenario
Recommendation
BUY STOP
Entry Point
170.650
Take Profit
171.450
Stop Loss
170.000