Technical analysis GBPJPY for 22.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 166.700. The closest resistance is the level 168.450
Key levels
- 170.400, 168.450, 166.700, 165.175, 163.950, 162.750, 161.400
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 166.700, with Take Profit of 168.450 and Stop Loss of 165.175
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.175, with Take Profit of 163.950 and Stop Loss of 165.730
Scenario
Recommendation
BUY LIMIT
Entry Point
166.700
Take Profit
168.450
Stop Loss
165.175
Key Levels
170.400, 168.450, 166.700, 165.175, 163.950, 162.750, 161.400
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.175
Take Profit
163.950
Stop Loss
165.730
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.