Technical analysis GBPJPY for 22.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 159.740. The closest support is the level 156.800
Key levels
- 161.900, 160.770, 159.740, 158.200, 156.800, 155.750, 154.750, 153.600, 152.500, 151.150
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 159.740 and Stop Loss of 158.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 158.200, with Take Profit of 156.800 and Stop Loss of 158.780
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.