Technical analysis GBPJPY for 09.06.2022
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 support is the level 167.50. The closest resistance is the level 168.45
Key levels
- 171.00, 169.65, 168.45, 167.50, 166.40, 165.30, 164.05
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 169.65 and Stop Loss of 167.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 167.50, with Take Profit of 166.40 and Stop Loss of 168.45
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.