Technical analysis GBPJPY for 02.12.2021
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
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 148.90. The closest resistance is the level 150.15
Key levels
- 158.80, 155.75, 154.75, 153.60, 152.50, 151.15, 150.15, 148.90, 148.10
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 148.90 and Stop Loss of 150.40
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 151.15, with Take Profit of 150.15 and Stop Loss of 151.60
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.