Technical analysis GBPJPY for 22.11.2023
22.11.2023 00:29
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 185.525. The closest resistance is the level 186.450
Key levels
- 187.250, 186.450, 185.525, 185.000, 184.250
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 185.525, with Take Profit of 186.450 and Stop Loss of 185.000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 185.000, with Take Profit of 184.250 and Stop Loss of 185.525
Scenario
Recommendation
BUY LIMIT
Entry Point
185.525
Take Profit
186.450
Stop Loss
185.000
Key Levels
187.250, 186.450, 185.525, 185.000, 184.250
Alternative scenario
Recommendation
SELL STOP
Entry Point
185.000
Take Profit
184.250
Stop Loss
185.525