Technical analysis GBPJPY for 14.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 151.150. The closest support is the level 150.150

Key levels

• 155.750, 154.750, 153.600, 152.500, 151.150, 150.150, 148.900, 148.100

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 150.150, with Take Profit of 151.150 and Stop Loss of 149.500

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 151.150, with Take Profit of 152.500 and Stop Loss of 150.150