Technical analysis EURJPY for 19.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 157.800. The closest resistance is the level 158.450

Key levels

• 159.200, 158.450, 157.800, 157.000, 156.200

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 158.450, with Take Profit of 159.200 and Stop Loss of 157.800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 157.800, with Take Profit of 157.000 and Stop Loss of 158.450