Technical analysis GBPJPY for 21.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above 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 181.000. The closest support is the level 179.280

Key levels

• 181.960, 181.000, 179.280, 178.580, 177.620

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 181.000, with Take Profit of 181.960 and Stop Loss of 180.020

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 179.280, with Take Profit of 178.580 and Stop Loss of 180.020