Technical analysis GBPJPY for 01.07.2022
The Tenkan-sen line is located below 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 below 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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 165.490. The closest support is the level 164.830
Key levels
- 166.960, 166.360, 165.490, 164.830, 164.050, 163.280
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 165.490, with Take Profit of 166.360 and Stop Loss of 165.150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.830, with Take Profit of 164.050 and Stop Loss of 165.150
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.