Technical analysis EURJPY for 06.06.2024

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 ready to roll over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 168.950. The closest resistance is the level 170.000

Key levels

• 171.450, 170.650, 170.000, 168.950, 168.100

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 170.000, with Take Profit of 168.950 and Stop Loss of 170.650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 170.650, with Take Profit of 171.450 and Stop Loss of 170.000