Technical analysis EURJPY for 14.06.2024

14.06.2024 01:42
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 168.300. The closest resistance is the level 168.800

Key levels

  • 170.100, 169.400, 168.800, 168.300, 167.500

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 168.800, with Take Profit of 169.400 and Stop Loss of 168.300

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 168.300, with Take Profit of 167.500 and Stop Loss of 168.800

Scenario
Recommendation
BUY STOP

Entry Point
168.800

Take Profit
169.400

Stop Loss
168.300

Key Levels
170.100, 169.400, 168.800, 168.300, 167.500
Alternative scenario
Recommendation
SELL STOP

Entry Point
168.300

Take Profit
167.500

Stop Loss
168.800