Technical analysis GBPUSD for 24.12.2021

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.34025. The closest resistance is the level 1.35125

Key levels

• 1.38050, 1.36875, 1.35975, 1.35125, 1.34025, 1.33175, 1.31800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.34025, with Take Profit of 1.35125 and Stop Loss of 1.33175

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.33175, with Take Profit of 1.31800 and Stop Loss of 1.34025