Technical analysis EURJPY for 14.06.2023

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 resistance is the level 151.620. The closest support is the level 150.780

Key levels

• 152.150, 151.620, 150.780, 150.030, 149.280

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 151.620, with Take Profit of 152.150 and Stop Loss of 151.210

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 150.780, with Take Profit of 150.030 and Stop Loss of 151.210