Technical analysis EURJPY for 31.01.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 141.425. The closest resistance is the level 141.900

Key levels

• 142.275, 141.900, 141.425, 141.075, 140.650

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 141.425, with Take Profit of 141.900 and Stop Loss of 141.075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 141.075, with Take Profit of 140.650 and Stop Loss of 141.425