Technical analysis GBPJPY for 04.10.2024
04.10.2024 19:09
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
- 188.370, 189.801, 191.828, 193.577, 195.882
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 191.828, with Take Profit of 195.882 and Stop Loss of 189.801
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 193.577, with Take Profit of 188.370 and Stop Loss of 195.882
Scenario
Recommendation
BUY LIMIT
Entry Point
191.828
Take Profit
195.882
Stop Loss
189.801
Key Levels
188.370, 189.801, 191.828, 193.577, 195.882
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
193.577
Take Profit
188.370
Stop Loss
195.882