Technical analysis GBPUSD for 28.04.2022

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 1.2445. The closest resistance is the level 1.2505

Key levels

• 1.3250, 1.3110, 1.2995, 1.2880, 1.2740, 1.2640, 1.2505, 1.2445, 1.2290

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.2445, with Take Profit of 1.2290 and Stop Loss of 1.2505

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.2505, with Take Profit of 1.2640 and Stop Loss of 1.2445