Technical analysis EURJPY for 24.02.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 142.400. The closest resistance is the level 142.900

Key levels

• 143.900, 143.450, 142.900, 142.400, 141.575

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 142.400, with Take Profit of 141.575 and Stop Loss of 142.900

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 142.900, with Take Profit of 143.450 and Stop Loss of 142.400