Technical analysis GBPJPY for 14.10.2024

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 and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

192.762, 193.544, 194.159, 194.475, 194.941

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 194.475, with Take Profit of 194.941 and Stop Loss of 194.159

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 194.159, with Take Profit of 193.544 and Stop Loss of 194.475