Technical analysis GBPJPY for 16.08.2022

16.08.2022 02:13
Intradía
Técnico

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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 160.40. The closest resistance is the level 161.10

Key levels

  • 163.90, 162.90, 162.20, 161.65, 16110, 160.40, 159.50

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 160.40, with Take Profit of 159.50 and Stop Loss of 161.10

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 161.10, with Take Profit of 162.20 and Stop Loss of 160.40
Guión
Recomendación
SELL STOP

Punto de entrada
160.40

Take Profit
159.50

Stop Loss
161.10

Niveles clave
163.90, 162.90, 162.20, 161.65, 16110, 160.40, 159.50
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
161.10

Take Profit
162.20

Stop Loss
160.40