Technical analysis EURJPY for 17.10.2022

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 144.325. The closest resistance is the level 145.425

Key levels

• 146.375, 145.425, 144.325, 143.600, 142.650

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 144.325, with Take Profit of 145.425 and Stop Loss of 143.600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 143.600, with Take Profit of 142.650 and Stop Loss of 144.325