Technical analysis GBPJPY for 12.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains 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 resistance is the level 166.310. The closest support is the level 165.370
Key levels
- 167.720, 166.960, 166.310, 165.370, 164.800, 163.970
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.310, with Take Profit of 166.960 and Stop Loss of 165.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.370, with Take Profit of 164.800 and Stop Loss of 165.850
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.