Technical analysis GBPJPY for 12.09.2023
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 183.075. The closest resistance is the level 183.775
Key levels
- 184.300, 183.775, 183.075, 182.550, 181.775
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 183.075, with Take Profit of 183.775 and Stop Loss of 182.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 182.550, with Take Profit of 181.775 and Stop Loss of 183.075
Scenario
Recommendation
BUY LIMIT
Entry Point
183.075
Take Profit
183.775
Stop Loss
182.550
Key Levels
184.300, 183.775, 183.075, 182.550, 181.775
Alternative scenario
Recommendation
SELL STOP
Entry Point
182.550
Take Profit
181.775
Stop Loss
183.075
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.