Technical analysis GBPJPY for 28.06.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 182.725. The closest resistance is the level 184.250
Key levels
- 186.100, 184.250, 182.725, 181.350, 180.225
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 184.250, with Take Profit of 186.100 and Stop Loss of 182.725
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 182.725, with Take Profit of 181.350 and Stop Loss of 184.250
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.