Technical analysis EURJPY for 24.05.2024

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 169.300. The closest resistance is the level 170.100

Key levels

• 170.900, 170.100, 169.300, 168.300, 167.500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 170.100, with Take Profit of 170.900 and Stop Loss of 169.300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 169.300, with Take Profit of 168.300 and Stop Loss of 170.100