Technical analysis GBPUSD for 21.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the level 1.3550. The closest resistance is the level 1.3590

Key levels

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

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.3590, with Take Profit of 1.3500 and Stop Loss of 1.3630

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.3550, with Take Profit of 1.3630 and Stop Loss of 1.3500