Technical analysis GBPJPY for 05.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below 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 156.800. The closest resistance is the level 158.200
Key levels
- 159.625, 158.200, 156.800, 155.750, 154.750, 153.600, 152.500, 151.150, 149.600, 148.800, 147.700
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 156.800, with Take Profit of 158.200 and Stop Loss of 155.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 155.750, with Take Profit of 154.750 and Stop Loss of 156.750