Technical analysis EURJPY for 19.02.2024

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 161.550. The closest resistance is the level 162.350

Key levels

• 163.200, 162.350, 161.550, 160.600, 159.925

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 162.350, with Take Profit of 163.200 and Stop Loss of 161.550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 161.550, with Take Profit of 160.600 and Stop Loss of 162.350