Technical analysis EURGBP for 30.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level . The closest support is the top of the cloud

Key levels

• 0.85620, 0.85460, 0.85240, 0.84950, 0.84800, 0.84680

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.85240, with Take Profit of 0.85460 and Stop Loss of 0.85000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84950, with Take Profit of 0.84800 and Stop Loss of 0.85000