Technical analysis GBPCHF for 23.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 1.2300. The closest resistance is the level 1.2350

Key levels

• 1.2550, 1.2455, 1.2397, 1.2350, 1.2300, 1.2240, 1.2150, 1.2075

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.2350 and Stop Loss of 1.2255

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.2240, with Take Profit of 1.2150 and Stop Loss of 1.2300