Technical analysis EURJPY for 15.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 151.325. The closest resistance is the level 151.750

Key levels

• 152.225, 151.750, 151.325, 150.900, 150.500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 151.750, with Take Profit of 152.225 and Stop Loss of 151.325

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 151.325, with Take Profit of 150.900 and Stop Loss of 151.750