Technical analysis GBPJPY for 24.09.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 191.275. The closest resistance is the level 192.100
Key levels
- 194.200, 193.100, 192.100, 191.275, 190.350
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 192.100, with Take Profit of 193.100 and Stop Loss of 191.275
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 191.275, with Take Profit of 190.350 and Stop Loss of 192.100
Scenario
Recommendation
BUY STOP
Entry Point
192.100
Take Profit
193.100
Stop Loss
191.275
Key Levels
194.200, 193.100, 192.100, 191.275, 190.350
Alternative scenario
Recommendation
SELL STOP
Entry Point
191.275
Take Profit
190.350
Stop Loss
192.100
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.