Technical analysis EURJPY for 15.03.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 144.000. The closest resistance is the level 144.350

Key levels

• 144.900, 144.350, 144.000, 143.700, 143.275

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 144.000, with Take Profit of 144.350 and Stop Loss of 143.700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 143.700, with Take Profit of 143.275 and Stop Loss of 144.000