Technical analysis GBPJPY for 21.02.2022
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 ready to roll over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 158.750, 157.575, 156.800, 155.900, 154.875, 154.025, 153.000, 151.800
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 156.800, with Take Profit of 155.900 and Stop Loss of 157.575
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 157.575, with Take Profit of 158.750 and Stop Loss of 156.800
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.