Technical analysis EURJPY for 10.10.2024

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 163.000. The closest resistance is the level 163.850

Key levels

• 164.500, 163.850, 163.000, 162.400, 161.250

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 163.000, with Take Profit of 163.850 and Stop Loss of 162.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 162.400, with Take Profit of 161.250 and Stop Loss of 163.000