Technical analysis EURJPY for 18.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 137.000. The closest support is the level 136.250

Key levels

• 138.930, 138.050, 137.000, 136.250, 135.100, 134.350

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 137.000, with Take Profit of 138.050 and Stop Loss of 136.600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 136.250, with Take Profit of 135.100 and Stop Loss of 136.600