Technical analysis GBPJPY for 23.09.2022
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 160.340. The closest support is the level 159.030

Key levels
- 161.890, 161.090, 160.340, 159.030, 158.250, 157.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 160.340, with Take Profit of 161.090 and Stop Loss of 159.750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 159.030, with Take Profit of 158.250 and Stop Loss of 159.750