Technical analysis GBPJPY for 15.10.2024

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 195.350. The closest resistance is the level 196.200

Key levels

• 197.100, 196.200, 195.350, 194.900, 194.300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 195.350, with Take Profit of 196.200 and Stop Loss of 194.900

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 194.900, with Take Profit of 194.300 and Stop Loss of 195.350