Technical analysis GBPUSD for 15.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.26730. The closest support is the level 1.26150

Key levels

• 1.26980, 1.26730, 1.26150, 1.25790, 1.25350

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.26730, with Take Profit of 1.26980 and Stop Loss of 1.26440

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.26150, with Take Profit of 1.25790 and Stop Loss of 1.26440