Technical analysis GBPUSD for 27.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 1.3380. The closest resistance is the level 1.3435

Key levels

• 1.3595, 1.3495, 1.3435, 1.3380, 1.3330, 1.3275, 1.3225, 1.3170

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.3495 and Stop Loss of 1.3380

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.3380, with Take Profit of 1.3330 and Stop Loss of 1.3435