Technical analysis GBPJPY for 13.12.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 182.550. The closest resistance is the level 183.050

Key levels

• 184.250, 183.525, 183.050, 182.550, 182.100

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 183.050, with Take Profit of 182.550 and Stop Loss of 183.525

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 183.525, with Take Profit of 184.250 and Stop Loss of 183.050