Technical analysis GBPUSD for 14.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 1.36850. The closest resistance is the level 1.37950

Key levels

• 1.39050, 1.37950, 1.36850, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.36850, with Take Profit of 1.37950 and Stop Loss of 1.36000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.36000, with Take Profit of 1.35050 and Stop Loss of 1.36850