Technical analysis EURJPY for 16.09.2024
16.09.2024 01:18
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 155.500. The closest resistance is the level 156.200
Key levels
- 157.550, 156.800, 156.200, 155.500, 155.000
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 156.200, with Take Profit of 155.500 and Stop Loss of 156.800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 156.800, with Take Profit of 157.550 and Stop Loss of 156.200
Scenario
Recommendation
SELL LIMIT
Entry Point
156.200
Take Profit
155.500
Stop Loss
156.800
Key Levels
157.550, 156.800, 156.200, 155.500, 155.000
Alternative scenario
Recommendation
BUY STOP
Entry Point
156.800
Take Profit
157.550
Stop Loss
156.200