Technical analysis EURJPY for 19.02.2024
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 161.550. The closest resistance is the level 162.350

Key levels
- 163.200, 162.350, 161.550, 160.600, 159.925
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 162.350, with Take Profit of 163.200 and Stop Loss of 161.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.550, with Take Profit of 160.600 and Stop Loss of 162.350