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