Technical analysis GBPJPY for 19.01.2024
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 support is the level 187.600. The closest resistance is the level 188.575
Key levels
- 189.725, 188.575, 187.600, 186.400, 185.425
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 188.575, with Take Profit of 189.725 and Stop Loss of 187.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 187.600, with Take Profit of 186.400 and Stop Loss of 188.575
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.