Technical analysis EURJPY for 24.04.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 148.340. The closest support is the level 146.840

Key levels

• 150.110, 149.260, 148.340, 146.840, 146.170, 145.440

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 148.340, with Take Profit of 149.260 and Stop Loss of 147.590

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 146.840, with Take Profit of 146.170 and Stop Loss of 147.590