Technical analysis EURJPY for 02.03.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 145.175. The closest resistance is the level 145.700

Key levels

• 146.425, 145.700, 145.175, 144.250, 143.425

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 145.700, with Take Profit of 146.425 and Stop Loss of 145.175

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 145.175, with Take Profit of 144.250 and Stop Loss of 145.700