Technical analysis GBPJPY for 14.10.2024
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 and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
192.762, 193.544, 194.159, 194.475, 194.941
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 194.475, with Take Profit of 194.941 and Stop Loss of 194.159
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 194.159, with Take Profit of 193.544 and Stop Loss of 194.475
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.