Technical analysis EURJPY for 15.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above 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 156.550. The closest resistance is the level 157.100

Key levels

• 157.900, 157.450, 157.100, 156.550, 156.000

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 157.100, with Take Profit of 156.550 and Stop Loss of 157.450

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 157.450, with Take Profit of 157.900 and Stop Loss of 157.100