Technical analysis EURJPY for 27.11.2023

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 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 163.400. The closest resistance is the level 163.900

Key levels

• 164.400, 163.900, 163.400, 162.875, 162.300

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 163.900, with Take Profit of 164.400 and Stop Loss of 163.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 163.400, with Take Profit of 162.875 and Stop Loss of 163.900