Technical analysis GBPJPY for 22.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 167.00. The closest resistance is the level 167.70

Key levels

• 168.75, 167.70, 167.00, 165.90, 165.00, 164.20, 163.10, 161.50

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 167.00, with Take Profit of 165.90 and Stop Loss of 167.70

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 167.70, with Take Profit of 168.75 and Stop Loss of 16700