Technical analysis EURJPY for 06.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 139.650. The closest support is the level 138.770

Key levels

• 141.250, 140.550, 139.650, 138.770, 137.950, 137.320

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 139.650, with Take Profit of 140.550 and Stop Loss of 139.250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 138.770, with Take Profit of 137.950 and Stop Loss of 139.250