Technical analysis EURJPY for 23.06.2023

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 156.050. The closest resistance is the level 156.950

Key levels

• 159.500, 158.050, 156.950, 156.050, 154.650

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 156.950, with Take Profit of 158.050 and Stop Loss of 156.050

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 156.050, with Take Profit of 154.650 and Stop Loss of 156.950