Technical analysis GBPJPY for 12.07.2022
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 162.875. The closest resistance is the level 163.450
Key levels
- 164.650, 164.050, 163.450, 162.875, 161.950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 163.450, with Take Profit of 164.050 and Stop Loss of 162.875
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 162.875, with Take Profit of 161.950 and Stop Loss of 163.450
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.