Technical analysis GBPJPY for 03.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 192.500. The closest resistance is the level 193.525

Key levels

• 194.750, 193.525, 192.500, 191.900, 191.150

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 192.500, with Take Profit of 193.525 and Stop Loss of 191.900

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 191.900, with Take Profit of 191.150 and Stop Loss of 192.500