Technical analysis GBPJPY for 17.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud turned over from ascending to descending. Instrument entered the cloud. The closest support is the level 156.00. The closest resistance is the level 156.80
Key levels
- 160.00, 158.00, 156.85, 156.00, 155.45, 154.45, 154.80, 154.10, 152.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 156.85, with Take Profit of 158.00 and Stop Loss of 156.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 156.00, with Take Profit of 154.80 and Stop Loss of 156.85
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.