Technical analysis EURJPY for 20.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 level 138.70. The closest resistance is the level 139.40

Key levels

• 140.70, 139.40, 138.70, 137.50, 136.40, 135.40, 134.30, 132.35

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 140.70 and Stop Loss of 138.70

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 138.70, with Take Profit of 137.50 and Stop Loss of 139.40