Technical analysis EURJPY for 27.09.2024

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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 161.650. The closest resistance is the level 162.425

Key levels

• 163.225, 162.425, 161.650, 160.850, 159.900

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 162.425, with Take Profit of 163.225 and Stop Loss of 161.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 161.650, with Take Profit of 160.850 and Stop Loss of 162.425