Technical analysis GBPJPY for 22.04.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 190.825. The closest resistance is the level 191.500

Key levels

• 192.000, 191.500, 190.825, 190.400, 189.900

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 190.825, with Take Profit of 191.500 and Stop Loss of 190.400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 190.400, with Take Profit of 189.900 and Stop Loss of 190.825