Technical analysis EURJPY for 20.06.2023

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 support is the level 154.725. The closest resistance is the level 156.125

Key levels

• 157.075, 156.125, 154.725, 153.925, 153.025

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 154.725, with Take Profit of 156.125 and Stop Loss of 153.925

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 153.925, with Take Profit of 153.025 and Stop Loss of 154.725