Technical analysis EURJPY for 10.10.2023

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 157.660. The closest support is the level 155.900

Key levels

• 159.380, 158.490, 157.660, 155.900, 154.970

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 157.660, with Take Profit of 158.490 and Stop Loss of 156.840

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 155.900, with Take Profit of 154.970 and Stop Loss of 156.840