Technical analysis EURJPY for 11.03.2024
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 160.300. The closest resistance is the level 161.000

Key levels
- 162.300, 161.700, 161.000, 160.300, 159.550
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 160.300, with Take Profit of 159.550 and Stop Loss of 161.000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 161.000, with Take Profit of 161.700 and Stop Loss of 160.300