Technical analysis EURJPY for 23.10.2024

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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 162.850. The closest resistance is the level 163.450

Key levels

• 163.800, 163.450, 162.850, 162.500, 161.950

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 162.850, with Take Profit of 163.450 and Stop Loss of 162.500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 162.500, with Take Profit of 161.950 and Stop Loss of 162.850