Technical analysis EURGBP for 23.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.86500. The closest support is the level 0.85870

Key levels

• 0.87160, 0.86880, 0.86500, 0.85870, 0.85520, 0.85280

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.86500, with Take Profit of 0.86880 and Stop Loss of 0.86150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.85870, with Take Profit of 0.85520 and Stop Loss of 0.86150