Technical analysis EURJPY for 18.12.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 154.600. The closest resistance is the level 155.250

Key levels
- 157.475, 156.300, 155.250, 154.600, 153.650
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 154.600, with Take Profit of 153.650 and Stop Loss of 155.250
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 155.250, with Take Profit of 156.300 and Stop Loss of 154.600