Technical analysis EURJPY for 03.05.2024

03.05.2024 01:02
Intradía
Técnico

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 164.300. The closest resistance is the level 165.100

Key levels

  • 166.800, 165.900, 165.100, 164.300, 163.500

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 165.100, with Take Profit of 164.300 and Stop Loss of 165.900

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 165.900, with Take Profit of 166.800 and Stop Loss of 165.100

Guión
Recomendación
SELL LIMIT

Punto de entrada
165.100

Take Profit
164.300

Detener la pérdida de
165.900

Niveles clave
166.800, 165.900, 165.100, 164.300, 163.500
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
165.900

Take Profit
166.800

Detener la pérdida de
165.100