Technical analysis GBPUSD for 22.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.3265. The closest resistance is the level 1.3288

Key levels

• 1.3370, 1.3320, 1.3288, 1.3265, 1.3242, 1.3210, 1.3186, 1.3210, 1.3186, 1.3161,1.3135

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.3288, with Take Profit of 1.3242 and Stop Loss of 1.3300

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.3210, with Take Profit of 1.3265 and Stop Loss of 1.3186