Technical analysis GBPJPY for 05.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 156.800. The closest resistance is the level 158.200
Key levels
- 159.625, 158.200, 156.800, 155.750, 154.750, 153.600, 152.500, 151.150, 149.600, 148.800, 147.700
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 156.800, with Take Profit of 158.200 and Stop Loss of 155.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.750, with Take Profit of 154.750 and Stop Loss of 156.750
Scenario
Recommendation
BUY LIMIT
Entry Point
156.800
Take Profit
158.200
Stop Loss
155.750
Key Levels
159.625, 158.200, 156.800, 155.750, 154.750, 153.600, 152.500, 151.150, 149.600, 148.800, 147.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
155.750
Take Profit
154.750
Stop Loss
156.750
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.