Technical analysis GBPJPY for 24.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 164.750. The closest resistance is the level 165.450
Key levels
- 166.960, 166.075, 165.450, 164.750, 164.050, 163.260
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 165.450, with Take Profit of 164.750 and Stop Loss of 166.075
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 166.075, with Take Profit of 166.960 and Stop Loss of 165.450
Scenario
Recommendation
SELL LIMIT
Entry Point
165.450
Take Profit
164.750
Stop Loss
166.075
Key Levels
166.960, 166.075, 165.450, 164.750, 164.050, 163.260
Alternative scenario
Recommendation
BUY STOP
Entry Point
166.075
Take Profit
166.960
Stop Loss
165.450
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.