Technical analysis GBPJPY for 21.06.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 181.000. The closest support is the level 179.280
Key levels
- 181.960, 181.000, 179.280, 178.580, 177.620
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 181.000, with Take Profit of 181.960 and Stop Loss of 180.020
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 179.280, with Take Profit of 178.580 and Stop Loss of 180.020
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.