Technical analysis GBPJPY for 12.05.2022
12.05.2022 09:16
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 resistance is the level 158.510. The closest support is the level 157.570
Key levels
- 159.840, 159.070, 158.510, 157.570, 157.120, 156.390
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 158.510, with Take Profit of 159.070 and Stop Loss of 158.000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 157.570, with Take Profit of 157.120 and Stop Loss of 158.000
Scenario
Recommendation
BUY STOP
Entry Point
158.510
Take Profit
159.070
Stop Loss
158.000
Key Levels
159.840, 159.070, 158.510, 157.570, 157.120, 156.390
Alternative scenario
Recommendation
SELL STOP
Entry Point
157.570
Take Profit
157.120
Stop Loss
158.000