Technical analysis EURJPY for 27.06.2024

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 171.550. The closest resistance is the level 171.900

Key levels

• 172.200, 171.900, 171.550, 171.350, 171.000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 171.550, with Take Profit of 171.900 and Stop Loss of 171.350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 171.350, with Take Profit of 171.000 and Stop Loss of 171.550