Technical analysis EURJPY for 30.04.2024

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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 167.000. The closest resistance is the level 167.900

Key levels

• 168.500, 167.900, 167.000, 166.350, 165.400

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 167.000, with Take Profit of 167.900 and Stop Loss of 166.350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 166.350, with Take Profit of 165.400 and Stop Loss of 167.000