Technical analysis GBPUSD for 03.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 1.35050. The closest resistance is the level 1.36000

Key levels

• 1.36845, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.35050, with Take Profit of 1.36000 and Stop Loss of 1.34450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.34450, with Take Profit of 1.33600 and Stop Loss of 1.35050