Technical analysis EURJPY for 01.09.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. 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 158.680. The closest support is the level 155.660

Key levels
- 159.690, 158.680, 156.950, 155.660, 154.340
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 158.680, with Take Profit of 159.690 and Stop Loss of 157.830
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.660, with Take Profit of 154.340 and Stop Loss of 157.830