Technical analysis GBPJPY for 15.06.2022
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 163.260. The closest support is the level 161.800
Key levels
- 165.080, 164.050, 163.260, 161.800, 161.290, 160.690
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.260, with Take Profit of 164.050 and Stop Loss of 162.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.800, with Take Profit of 161.290 and Stop Loss of 162.500