Technical analysis GBPUSD for 11.01.2022

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 1.36000. The closest resistance is the level 1.36845

Key levels

• 1.37950, 1.36845, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200, 1.30000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.36000, with Take Profit of 1.36845 and Stop Loss of 1.35635

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.35900, with Take Profit of 1.35050 and Stop Loss of 1.36700