Technical analysis GBPJPY for 28.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 166.360. The closest support is the level 165.590

Key levels

• 167.370, 166.960, 166.360, 165.590, 164.830, 164.050

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 166.360, with Take Profit of 166.960 and Stop Loss of 165.950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 165.590, with Take Profit of 164.830 and Stop Loss of 165.950