Technical analysis GBPJPY for 20.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 165.590. The closest support is the level 164.830
Key levels
- 166.960, 166.060, 165.590, 164.830, 164.050, 163.260
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 165.590, with Take Profit of 166.060 and Stop Loss of 165.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 164.830, with Take Profit of 164.050 and Stop Loss of 165.200