Technical analysis EURGBP for 13.09.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86550. The closest resistance is the level 0.87200

Key levels

• 0.87580, 0.87200, 0.86550, 0.86150, 0.85600

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.86550, with Take Profit of 0.87200 and Stop Loss of 0.86150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.86150, with Take Profit of 0.85600 and Stop Loss of 0.86550