Technical analysis GBPUSD for 07.02.2022

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 below the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 1.3555

Key levels

• 1.3745, 1.3655, 1.3600, 1.3555, 1.3505, 1.3450, 1.3450, 1.3360, 1.3275

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.3505, with Take Profit of 1.3600 and Stop Loss of 1.3450

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 1.3600, with Take Profit of 1.3555 and Stop Loss of 1.3655