Technical analysis GBPJPY for 14.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 151.150. The closest support is the level 150.150
Key levels
- 155.750, 154.750, 153.600, 152.500, 151.150, 150.150, 148.900, 148.100
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 150.150, with Take Profit of 151.150 and Stop Loss of 149.500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 151.150, with Take Profit of 152.500 and Stop Loss of 150.150
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.