Technical analysis GBPJPY for 17.10.2022
17.10.2022 01:16
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 165.500. The closest resistance is the level 167.100
Key levels
- 168.700, 167.100, 165.500, 163.400, 160.800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 167.100, with Take Profit of 168.700 and Stop Loss of 165.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.500, with Take Profit of 163.400 and Stop Loss of 167.100
Scenario
Recommendation
BUY STOP
Entry Point
167.100
Take Profit
168.700
Stop Loss
165.500
Key Levels
168.700, 167.100, 165.500, 163.400, 160.800
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.500
Take Profit
163.400
Stop Loss
167.100