Technical analysis GBPJPY for 27.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 159.85. The closest resistance is the level 160.30
Key levels
- 151.43, 160.93, 160.30, 159.85, 159.32, 158.86, 158.31
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 160.30, with Take Profit of 160.93 and Stop Loss of 159.85
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 159.85, with Take Profit of 158.86 and Stop Loss of 160.30
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.