Technical analysis GBPJPY for 14.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 155.200. The closest resistance is the level 155.925

Key levels

• 157.600, 156.525, 155.925, 155.200, 154.750, 154.000, 153.250

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 155.200, with Take Profit of 155.925 and Stop Loss of 154.750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 154.750, with Take Profit of 154.000 and Stop Loss of 155.200