Technical analysis GBPJPY for 24.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the level 191.275. The closest resistance is the level 192.100

Key levels

• 194.200, 193.100, 192.100, 191.275, 190.350

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 192.100, with Take Profit of 193.100 and Stop Loss of 191.275

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 191.275, with Take Profit of 190.350 and Stop Loss of 192.100