Technical analysis EURJPY for 28.03.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed 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 141.725. The closest resistance is the level 142.100

Key levels

• 143.075, 142.600, 142.100, 141.725, 141.225, 140.750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 142.100, with Take Profit of 142.600 and Stop Loss of 141.725

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 141.725, with Take Profit of 141.225 and Stop Loss of 142.100