Technical analysis GBPUSD for 15.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.32900. The closest support is the level 1.31900

Key levels

• 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.31900 and Stop Loss of 1.33600

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.33600, with Take Profit of 1.34450 and Stop Loss of 1.32900