Technical analysis EURJPY for 28.07.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 153.330. The closest support is the level 152.130

Key levels

• 154.980, 154.070, 153.330, 152.130, 151.390, 150.330

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 153.330, with Take Profit of 154.070 and Stop Loss of 152.650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 152.130, with Take Profit of 151.390 and Stop Loss of 152.650