Technical analysis EURJPY for 27.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below 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 157.890. The closest support is the level 157.180

Key levels

• 159.690, 158.870, 157.890, 157.180, 156.380

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 157.890, with Take Profit of 158.870 and Stop Loss of 157.550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 157.180, with Take Profit of 156.380 and Stop Loss of 157.550