Technical analysis EURJPY for 26.04.2023

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 146.300. The closest resistance is the level 146.825

Key levels

• 148.375, 147.600, 146.825, 146.300, 145.425

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 146.825, with Take Profit of 147.600 and Stop Loss of 146.300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 146.300, with Take Profit of 145.425 and Stop Loss of 146.825