Technical analysis GBPAUD for 28.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument adjusted to the upper border of the cloud. The closest support is the level 1.7594. The closest resistance is the level 1.7669

Key levels

• 1.7880, 1.7779, 1.7669, 1.7594, 1.7504, 1.7445, 1.7375

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.7594, with Take Profit of 1.7504 and Stop Loss of 1.7669

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.7669, with Take Profit of 1.7779 and Stop Loss of 1.7594