Technical analysis EURJPY for 26.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 138.300. The closest resistance is the level 139.050

Key levels

• 141.550, 140.375, 139.050, 138.300, 136.850

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 138.300, with Take Profit of 136.850 and Stop Loss of 139.050

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 139.050, with Take Profit of 140.375 and Stop Loss of 138.300