Technical analysis GBPUSD for 26.04.2022

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 support is the level 1.2585. The closest resistance is the level 1.2640

Key levels

• 1.2995, 1.2880, 1.2825, 1.2740, 1.2640, 1.2585, 1.2505, 1.2445

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.2585, with Take Profit of 1.2505 and Stop Loss of 1.2640

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.2640, with Take Profit of 1.2740 and Stop Loss of 1.2585