Technical analysis GBPAUD for 10.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.76630. The closest support is the level 1.75520

Key levels

• 1.77420, 1.76990, 1.76630, 1.75520, 1.75050, 1.74540

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.76630, with Take Profit of 1.76990 and Stop Loss of 1.75950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.75520, with Take Profit of 1.75050 and Stop Loss of 1.75950