Technical analysis EURJPY for 19.03.2024

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 162.000. The closest resistance is the level 162.650

Key levels

• 163.225. 162.650, 162.000, 161.550, 160.800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 162.000, with Take Profit of 162.650 and Stop Loss of 161.550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 161.550, with Take Profit of 160.800 and Stop Loss of 162.000