Technical analysis EURJPY for 13.05.2024

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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 167.250. The closest resistance is the level 168.000

Key levels

• 169.100, 168.000, 167.250, 166.700, 165.750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 168.000, with Take Profit of 169.100 and Stop Loss of 167.250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 166.700, with Take Profit of 165.750 and Stop Loss of 167.200