Technical analysis EURJPY for 15.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 158.450. The closest support is the level 156.970

Key levels

• 159.670, 158.450, 156.970, 155.070, 153.140

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 158.450, with Take Profit of 159.670 and Stop Loss of 157.800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 156.970, with Take Profit of 155.070 and Stop Loss of 157.800