Technical analysis EURJPY for 31.05.2022

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 137.525. The closest resistance is the level 138.075

Key levels

• 138.650, 138.075, 137.525, 137.000, 136.475, 135.875

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 137.525, with Take Profit of 138.075 and Stop Loss of 137.000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 137.000, with Take Profit of 136.475 and Stop Loss of 137.525