Technical analysis EURJPY for 29.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 137.500. The closest support is the level 136.860

Key levels

• 139.050, 138.250, 137.500, 136.860, 136.220, 135.620

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 137.500, with Take Profit of 138.250 and Stop Loss of 137.120

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 136.860, with Take Profit of 136.220 and Stop Loss of 137.120