Technical analysis GBPCHF for 27.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. 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 1.23550. The closest support is the level 1.22525

Key levels

• 1.27275, 1.26100, 1.24988, 1.24225, 1.23550, 1.22525, 1.21865,1.20925

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.23550, with Take Profit of 1.24225 and Stop Loss of 1.22800

Alternative scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.22525 and Stop Loss of 1.23550