Technical analysis GBPJPY for 24.10.2023
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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 183.100. The closest resistance is the level 183.875
Key levels
- 184.400, 183.875, 183.100, 182.750, 182.275
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 183.100, with Take Profit of 183.875 and Stop Loss of 182.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 182.750, with Take Profit of 182.275 and Stop Loss of 183.100
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.