Technical analysis GBPJPY for 14.11.2023
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 185.875. The closest resistance is the level 186.650
Key levels
- 187.150, 186.650, 185.875, 185.450, 184.600
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 185.875, with Take Profit of 186.650 and Stop Loss of 185.450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 185.450, with Take Profit of 184.600 and Stop Loss of 185.875
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.