Technical analysis GBPJPY for 10.01.2023
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 160.000. The closest resistance is the level 161.075

Key levels
- 163.025, 161.075, 160.000, 158.625, 156.850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 161.075, with Take Profit of 163.025 and Stop Loss of 160.000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 160.000, with Take Profit of 158.625 and Stop Loss of 161.075