Technical analysis GBPJPY for 24.10.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 168.550. The closest support is the level 165.390
Key levels
- 170.970, 169.550, 168.550, 165.390, 164.240, 163.080
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 168.550, with Take Profit of 169.550 and Stop Loss of 167.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.390, with Take Profit of 164.240 and Stop Loss of 167.200
Scenario
Recommendation
BUY STOP
Entry Point
168.550
Take Profit
169.550
Stop Loss
167.200
Key Levels
170.970, 169.550, 168.550, 165.390, 164.240, 163.080
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.390
Take Profit
164.240
Stop Loss
167.200
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.