Technical analysis EURJPY for 27.02.2024

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 163.150. The closest resistance is the level 163.950

Key levels

• 164.875, 163.950, 163.150, 162.050, 161.275

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 163.950, with Take Profit of 164.875 and Stop Loss of 163.150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 163.150, with Take Profit of 162.050 and Stop Loss of 163.950