Technical analysis GBPJPY for 09.12.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 168.040. The closest support is the level 166.380
Key levels
- 169.870, 168.840, 168.040, 166.380, 165.300, 164.140
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 168.040, with Take Profit of 168.840 and Stop Loss of 167.150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 166.380, with Take Profit of 165.300 and Stop Loss of 167.150
Scenario
Recommendation
BUY STOP
Entry Point
168.040
Take Profit
168.840
Stop Loss
167.150
Key Levels
169.870, 168.840, 168.040, 166.380, 165.300, 164.140
Alternative scenario
Recommendation
SELL STOP
Entry Point
166.380
Take Profit
165.300
Stop Loss
167.150
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.