Technical analysis EURJPY for 31.03.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 144.350. The closest resistance is the level 145.050

Key levels

• 145.609, 145.050, 144.350, 143.750, 143.050

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 145.050 and Stop Loss of 144.350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 144.350, with Take Profit of 143.750 and Stop Loss of 145.050