Technical analysis GBPUSD for 18.01.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument punched the Tenkan-se and Kijun-sen lines from top to bottom. The closest support is the level 1.3630. The closest resistance is the level 1.3675

Key levels

• 1.3800, 1.3750, 1.3675, 1.3630, 1.3590, 1.3550, 1.3500, 1.3430, 1.3370

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.3675, with Take Profit of 1.3750 and Stop Loss of 1.3630

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.3630, with Take Profit of 1.3550 and Stop Loss of 1.3675