Technical analysis EURGBP for 21.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.85650. The closest resistance is the level 0.85875

Key levels

• 0.86525, 0.86150, 0.85875, 0.85650, 0.85400, 0.85080

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.85875, with Take Profit of 0.86150 and Stop Loss of 0.85650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.85650, with Take Profit of 0.85400 and Stop Loss of 0.85875