Technical analysis EURJPY for 25.04.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 165.800. The closest resistance is the level 166.600

Key levels

• 167.850, 166.600, 165.800, 164.650, 163.700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 166.600, with Take Profit of 167.850 and Stop Loss of 165.800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 165.800, with Take Profit of 164.650 and Stop Loss of 166.600