Technical analysis EURJPY for 26.01.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 141.200. The closest resistance is the level 141.900

Key levels

• 142.600, 141.900, 141.200, 140.625, 139.975

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 141.200, with Take Profit of 141.900 and Stop Loss of 140.625

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 140.625, with Take Profit of 139.975 and Stop Loss of 141.200