Technical analysis EURGBP for 29.04.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument punched the Tenkan-se and Kijun-sen lines from top to bottom. The closest resistance is the level 0.84250. The closest support is the top of the cloud

Key levels

• 0.84800, 0.84500, 0.84250, 0.84040, 0.83700, 0.83430

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.84250, with Take Profit of 0.84500 and Stop Loss of 0.84100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84040, with Take Profit of 0.83700 and Stop Loss of 0.84100