Technical analysis EURJPY for 01.04.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 163.100. The closest resistance is the level 163.500
Key levels
- 164.000, 163.500, 163.100, 162.700, 162.100
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 163.100, with Take Profit of 162.700 and Stop Loss of 163.500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 163.500, with Take Profit of 164.000 and Stop Loss of 163.100