Technical analysis EURJPY for 06.11.2023
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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 160.050. The closest resistance is the level 160.850

Key levels
- 161.850, 160.850, 160.050, 159.100, 158.425
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 160.850, with Take Profit of 161.850 and Stop Loss of 160.050
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 160.050, with Take Profit of 159.100 and Stop Loss of 160.850