Technical analysis EURJPY for 25.07.2023

The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 156.910. The closest support is the level 155.690

Key levels

• 157.920, 157.410, 156.910, 155.690, 154.710, 153.630

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 156.910, with Take Profit of 157.410 and Stop Loss of 156.350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 155.690, with Take Profit of 154.710 and Stop Loss of 156.350