Technical analysis GBPJPY for 15.08.2023

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. 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 resistance is the level 185.360. The closest support is the level 183.790

Key levels

• 186.420, 185.830, 185.360, 183.790, 183.100, 182.500

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 185.360, with Take Profit of 185.830 and Stop Loss of 184.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 183.790, with Take Profit of 183.100 and Stop Loss of 184.650