Technical analysis GBPJPY for 14.02.2022
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 155.200. The closest resistance is the level 155.925
Key levels
- 157.600, 156.525, 155.925, 155.200, 154.750, 154.000, 153.250
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 155.200, with Take Profit of 155.925 and Stop Loss of 154.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 154.750, with Take Profit of 154.000 and Stop Loss of 155.200
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.