Technical analysis GBPJPY for 07.12.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 167.030. The closest support is the level 165.300

Key levels
- 168.840, 168.040, 167.030, 165.300, 164.140, 163.200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 167.030, with Take Profit of 168.040 and Stop Loss of 166.140
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.300, with Take Profit of 164.140 and Stop Loss of 166.140