Technical analysis GBPJPY for 26.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 182.500. The closest support is the level 181.090

Key levels

• 183.820, 183.200, 182.500, 181.090, 180.500, 179.800

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 182.500, with Take Profit of 183.200 and Stop Loss of 181.800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 181.090, with Take Profit of 180.500 and Stop Loss of 181.800