Technical analysis EURJPY for 04.04.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 164.000. The closest resistance is the level 164.650

Key levels

• 165.100, 164.650, 164.000, 163.700, 163.300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 164.000, with Take Profit of 164.650 and Stop Loss of 163.700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 163.700, with Take Profit of 163.300 and Stop Loss of 164.000