Technical analysis GBPJPY for 22.08.2022
22.08.2022 02:01
Intraday
Technical
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 turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 162.570. The closest support is the level 161.730
Key levels
- 164.310, 163.400, 162.570, 161.730, 160.950, 160.100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 162.570, with Take Profit of 163.400 and Stop Loss of 162.150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.730, with Take Profit of 160.950 and Stop Loss of 162.150
Scenario
Recommendation
BUY STOP
Entry Point
162.570
Take Profit
163.400
Stop Loss
162.150
Key Levels
164.310, 163.400, 162.570, 161.730, 160.950, 160.100
Alternative scenario
Recommendation
SELL STOP
Entry Point
161.730
Take Profit
160.950
Stop Loss
162.150