Technical analysis GBPUSD for 31.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 1.31875. The closest support is the level 1.31190

Key levels

• 1.34250, 1.33485, 1.32700, 1.31875, 1.31190, 1.30485, 1.29550

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.31190, with Take Profit of 1.31875 and Stop Loss of 1.30930

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.30930, with Take Profit of 1.30485 and Stop Loss of 1.31190