Technical analysis GBPJPY for 06.04.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 161.450. The closest resistance is the level 162.650
Key levels
- 164.150, 162.650, 161.450, 160.500, 159.500, 158.200
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 161.450, with Take Profit of 162.650 and Stop Loss of 160.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 160.500, with Take Profit of 159.500 and Stop Loss of 161.450