Technical analysis GBPUSD for 08.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest support is the level 150.00. The closest resistance is the level 152.00

Key levels

• 155.15, 154.15, 153.55, 152.60, 152.00, 151.00, 149.85, 148.50

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 152.00, with Take Profit of 151.00 and Stop Loss of 152.60

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 152.60, with Take Profit of 153.55 and Stop Loss of 152.00