Technical analysis EURJPY for 25.10.2022

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 146.600. The closest resistance is the level 147.200

Key levels

• 149.350, 148.450, 147.200, 146.600, 145.400, 144.125

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 147.200, with Take Profit of 148.450 and Stop Loss of 146.600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 146.600, with Take Profit of 145.400 and Stop Loss of 147.200