Technical analysis GBPJPY for 06.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 161.450. The closest resistance is the level 162.650
Key levels
- 164.150, 162.650, 161.450, 160.500, 159.500, 158.200
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 161.450, with Take Profit of 162.650 and Stop Loss of 160.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 160.500, with Take Profit of 159.500 and Stop Loss of 161.450
Scenario
Recommendation
BUY LIMIT
Entry Point
161.450
Take Profit
162.650
Stop Loss
160.500
Key Levels
164.150, 162.650, 161.450, 160.500, 159.500, 158.200
Alternative scenario
Recommendation
SELL STOP
Entry Point
160.500
Take Profit
159.500
Stop Loss
161.450
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.