Technical analysis GBPJPY for 28.06.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 166.360. The closest support is the level 165.590
Key levels
- 167.370, 166.960, 166.360, 165.590, 164.830, 164.050
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.360, with Take Profit of 166.960 and Stop Loss of 165.950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.590, with Take Profit of 164.830 and Stop Loss of 165.950
Scenario
Recommendation
BUY STOP
Entry Point
166.360
Take Profit
166.960
Stop Loss
165.950
Key Levels
167.370, 166.960, 166.360, 165.590, 164.830, 164.050
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.590
Take Profit
164.830
Stop Loss
165.950
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.