Technical analysis GBPAUD for 21.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument adjusted to the upper border of the cloud. The closest resistance is the level 1.75940. The closest support is the level 1.75040

Key levels

• 1.77790, 1.76690, 1.75940, 1.75040, 1.74450, 1.73750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.75940, with Take Profit of 1.76690 and Stop Loss of 1.75500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.75040, with Take Profit of 1.74450 and Stop Loss of 1.75500