Technical analysis EURJPY for 02.08.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 157.900. The closest support is the level 156.420

Key levels
- 159.220, 158.650, 157.900, 156.420, 155.620, 154.980
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 157.900, with Take Profit of 158.650 and Stop Loss of 157.250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.420, with Take Profit of 155.620 and Stop Loss of 157.250