Technical analysis EURJPY for 01.02.2024
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 158.425. The closest resistance is the level 159.200

Key levels
- 160.900, 159.975, 159.200, 158.425, 157.650
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 158.425, with Take Profit of 157.650 and Stop Loss of 159.200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 159.200, with Take Profit of 159.975 and Stop Loss of 158.425