Technical analysis EURJPY for 28.12.2021

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the lower border of the cloud

Key levels

• 131.350, 130.650, 130.000, 129.450, 128.700, 128.000, 127.500, 126.800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 130.000, with Take Profit of 130.650 and Stop Loss of 129.450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 129.450, with Take Profit of 128.700 and Stop Loss of 130.000