Technical analysis GBPJPY for 11.09.2024

11.09.2024 00:44
Intraday
Technical

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 185.600. The closest resistance is the level 186.850

Key levels

  • 188.800, 187.600, 186.850, 185.600, 184.700

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 186.850, with Take Profit of 185.600 and Stop Loss of 187.600

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 187.600, with Take Profit of 188.800 and Stop Loss of 186.850

Scenario
Recommendation
SELL STOP

Entry Point
186.850

Take Profit
185.600

Stop Loss
187.600

Key Levels
188.800, 187.600, 186.850, 185.600, 184.700
Alternative scenario
Recommendation
BUY STOP

Entry Point
187.600

Take Profit
188.800

Stop Loss
186.850