Technical analysis GBPUSD for 18.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument broke through the lower border of the cloud and continued to fall. The closest resistance is the level 1.3175. The closest support is the level 1.3113

Key levels

• 1.3600, 1.3505, 1.3445, 1.3335, 1.3256, 1.3175, 1.3113, 1.3000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.3175, with Take Profit of 1.3256 and Stop Loss of 1.3113

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.3113, with Take Profit of 1.3000 and Stop Loss of 1.3175