Technical analysis EURJPY for 23.08.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 136.500. The closest resistance is the level 137.150

Key levels

• 137.975, 137.150, 136.500, 135.800, 134.975

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 137.150, with Take Profit of 137.975 and Stop Loss of 136.500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 136.500, with Take Profit of 135.800 and Stop Loss of 137.150