Technical analysis GBPJPY for 07.07.2022
07.07.2022 04:46
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 161.000. The closest resistance is the level 161.900
Key levels
- 163.400, 162.575, 161.900, 161.000, 160.075
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 161.900, with Take Profit of 161.000 and Stop Loss of 162.575
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 162.575, with Take Profit of 163.400 and Stop Loss of 161.900
Scenario
Recommendation
SELL LIMIT
Entry Point
161.900
Take Profit
161.000
Stop Loss
162.575
Key Levels
163.400, 162.575, 161.900, 161.000, 160.075
Alternative scenario
Recommendation
BUY STOP
Entry Point
162.575
Take Profit
163.400
Stop Loss
161.900