Technical analysis EURJPY for 17.11.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 163.175. The closest resistance is the level 164.125

Key levels

• 164.750, 164.125, 163.175, 162.750, 162.150

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 163.175, with Take Profit of 164.125 and Stop Loss of 162.750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 162.750, with Take Profit of 162.150 and Stop Loss of 163.175