Technical analysis GBPJPY for 16.05.2024
16.05.2024 01:21
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. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 195.900. The closest resistance is the level 197.000
Key levels
- 198.100, 197.000, 195.900, 195.400, 194.600
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 195.900, with Take Profit of 197.000 and Stop Loss of 195.400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 195.400, with Take Profit of 194.600 and Stop Loss of 195.900
Scenario
Recommendation
BUY LIMIT
Entry Point
195.900
Take Profit
197.000
Stop Loss
195.400
Key Levels
198.100, 197.000, 195.900, 195.400, 194.600
Alternative scenario
Recommendation
SELL STOP
Entry Point
195.400
Take Profit
194.600
Stop Loss
195.900