Technical analysis GBPJPY for 09.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span crossed and fixed 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 170.300. The closest resistance is the level 171.100

Key levels
- 172.100, 171.100, 170.300, 169.350, 168.100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 171.100, with Take Profit of 172.100 and Stop Loss of 170.300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 169.350, with Take Profit of 168.100 and Stop Loss of 169.880