Technical analysis EURJPY for 03.06.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 170.450. The closest resistance is the level 170.900

Key levels

• 171.400, 170.900, 170.450, 170.100, 169.600

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 170.900, with Take Profit of 171.400 and Stop Loss of 170.450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 170.450, with Take Profit of 170.100 and Stop Loss of 170.900