Technical analysis EURJPY for 08.09.2022

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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 143.625. The closest resistance is the level 145.550

Key levels

• 148.100, 145.550, 143.625, 141.500, 139.850, 138.400

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 145.550, with Take Profit of 148.100 and Stop Loss of 143.625

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 143.625, with Take Profit of 141.500 and Stop Loss of 144.590