Technical analysis GBPUSD for 15.03.2022

The Tenkan-sen line is located above 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 is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3020. The closest resistance is the level 1.3075

Key levels

• 1.3410, 1.3300, 1.3230, 1.3165, 1.3075, 1.3020, 1.2950, 1.2880, 1.2810

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.2950 and Stop Loss of 1.3075

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.3075, with Take Profit of 1.3165 and Stop Loss of 1.3020