Technical analysis EURJPY for 29.11.2022

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 resistance is the level 144.540. The closest support is the level 142.980

Key levels

• 146.490, 145.570, 144.540, 142.980, 141.820, 140.730

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 144.540, with Take Profit of 145.570 and Stop Loss of 143.680

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 142.980, with Take Profit of 141.820 and Stop Loss of 143.680