Technical analysis GBPUSD for 29.03.2022

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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.31150. The closest support is the level 1.30275

Key levels

• 1.34090, 1.33080, 1.32150, 1.31150, 1.30275, 1.29365, 1.28470

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.31150, with Take Profit of 1.30275 and Stop Loss of 1.31755

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.31150, with Take Profit of 1.32150 and Stop Loss of 1.30275