Technical analysis EURJPY for 02.10.2024

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 158.300. The closest resistance is the level 159.000

Key levels

• 160.300, 159.500, 159.000, 158.300, 157.750

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 159.000, with Take Profit of 158.300 and Stop Loss of 159.500

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 159.500, with Take Profit of 160.300 and Stop Loss of 159.000