Technical analysis GBPJPY for 12.10.2022
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 160.825. The closest resistance is the level 162.750
Key levels
- 164.950, 162.750, 160.825, 159.325, 157.225
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 160.825, with Take Profit of 162.750 and Stop Loss of 159.325
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 159.325, with Take Profit of 157.225 and Stop Loss of 160.825
Scenario
Recommendation
BUY LIMIT
Entry Point
160.825
Take Profit
162.750
Stop Loss
159.325
Key Levels
164.950, 162.750, 160.825, 159.325, 157.225
Alternative scenario
Recommendation
SELL STOP
Entry Point
159.325
Take Profit
157.225
Stop Loss
160.825
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.