Technical analysis EURJPY for 27.07.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 155.200. The closest resistance is the level 155.900

Key levels

• 157.250, 156.600, 155.900, 155.200, 154.500, 153.800

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 155.900, with Take Profit of 156.600 and Stop Loss of 155.200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 155.200, with Take Profit of 154.500 and Stop Loss of 155.900