Technical analysis GBPJPY for 26.09.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 154.875. The closest resistance is the level 156.025
Key levels
- 160.850, 158.075, 156.025, 154.875, 152.875
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 154.875, with Take Profit of 152.875 and Stop Loss of 156.025
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 156.025, with Take Profit of 158.075 and Stop Loss of 154.875
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.