Technical analysis EURJPY for 14.06.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 168.300. The closest resistance is the level 168.800

Key levels

• 170.100, 169.400, 168.800, 168.300, 167.500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 168.800, with Take Profit of 169.400 and Stop Loss of 168.300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 168.300, with Take Profit of 167.500 and Stop Loss of 168.800