Technical analysis GBPJPY for 20.09.2023
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 182.850. The closest resistance is the level 183.475

Key levels
- 184.700, 183.925, 183.475, 182.850, 182.250
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 183.475, with Take Profit of 182.850 and Stop Loss of 183.925
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 183.925, with Take Profit of 184.700 and Stop Loss of 183.475