Technical analysis GBPJPY for 14.03.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 188.700. The closest resistance is the level 189.350
Key levels
- 190.100, 189.350, 188.700, 187.900, 187.050
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 189.350, with Take Profit of 190.100 and Stop Loss of 188.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 188.700, with Take Profit of 187.900 and Stop Loss of 189.350
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.