Technical analysis EURJPY for 29.05.2024

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 170.350. The closest resistance is the level 170.950

Key levels

• 171.600, 170.950, 170.350, 169.550, 168.550

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 170.950, with Take Profit of 171.600 and Stop Loss of 170.350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 170.350, with Take Profit of 169.550 and Stop Loss of 170.950