Technical analysis GBPJPY for 12.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 156.800. The closest resistance is the level 158.200
Key levels
- 159.545, 158.200, 156.800, 155.875, 154.750, 153.600, 152.500, 151.150, 149.675
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 156.800, with Take Profit of 155.875 and Stop Loss of 157.860
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 158.200, with Take Profit of 159.545 and Stop Loss of 156.800
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.