Technical analysis GBPJPY for 12.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument consolidates at the bottom of the cloud. The closest resistance is the level 162.570. The closest support is the level 161.730

Key levels
- 164.310, 163.400, 162.570, 161.730, 160.950, 160.100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 162.570, with Take Profit of 163.400 and Stop Loss of 162.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 161.730, with Take Profit of 160.950 and Stop Loss of 162.200