Technical analysis EURJPY for 13.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 141.275. The closest resistance is the level 142.125

Key levels

• 144.250, 142.925, 142.125, 141.275, 140.550, 139.825

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 141.275, with Take Profit of 142.125 and Stop Loss of 140.550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 140.550, with Take Profit of 139.825 and Stop Loss of 141.275