Technical analysis EURJPY for 02.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 resistance is the level 139.160. The closest support is the level 138.070

Key levels

• 139.840, 139.600, 139.160, 138.070, 137.520, 137.000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 139.160, with Take Profit of 139.600 and Stop Loss of 138.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 138.070, with Take Profit of 137.520 and Stop Loss of 138.650