Technical analysis EURGBP for 18.04.2022

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 is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.82920. The closest support is the level 0.82600

Key levels

• 0.83500, 0.83200, 0.82920, 0.82600, 0.82300, 0.82010

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.82920, with Take Profit of 0.82300 and Stop Loss of 0.82750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.82600, with Take Profit of 0.82300 and Stop Loss of 0.82750