Technical analysis EURJPY for 13.05.2022

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 ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 133.200. The closest resistance is the level 134.225

Key levels

• 137.500, 136.100, 135.225, 134.225, 133.200, 132.225

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 133.200, with Take Profit of 132.225 and Stop Loss of 134.225

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 134.225, with Take Profit of 135.225 and Stop Loss of 133.400