Technical analysis GBPJPY for 01.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines

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Key levels

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• 184.352, 190.029, 193.202, 195.881, 199.489

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 190.029, with Take Profit of 199.489 and Stop Loss of 184.352

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 195.881, with Take Profit of 190.029 and Stop Loss of 199.489