Technical analysis GBPJPY for 02.12.2021
02.12.2021 16:25
Intraday
Technical
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 148.90. The closest resistance is the level 150.15
Key levels
- 158.80, 155.75, 154.75, 153.60, 152.50, 151.15, 150.15, 148.90, 148.10
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 148.90 and Stop Loss of 150.40
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 151.15, with Take Profit of 150.15 and Stop Loss of 151.60
Scenario
Recommendation
SELL
Entry Point
Take Profit
148.90
Stop Loss
150.40
Key Levels
158.80, 155.75, 154.75, 153.60, 152.50, 151.15, 150.15, 148.90, 148.10
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
151.15
Take Profit
150.15
Stop Loss
151.60