Technical analysis EURJPY for 26.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 157.550. The closest support is the level 155.890

Key levels

• 159.030, 158.120, 157.550, 155.890, 155.070, 153.590

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 157.550, with Take Profit of 158.120 and Stop Loss of 157.000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 155.890, with Take Profit of 153.590 and Stop Loss of 157.000