Technical analysis GBPJPY for 03.10.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 180.525. The closest resistance is the level 181.375

Key levels
- 182.500, 181.900, 181.375, 180.525, 179.750
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 181.375, with Take Profit of 180.525 and Stop Loss of 181.900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 181.900, with Take Profit of 182.500 and Stop Loss of 181.375