Technical analysis GBPUSD for 28.06.2022

The Tenkan-sen line is located above 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 is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.23150. The closest support is the level 1.22170

Key levels

• 1.24870, 1.23810, 1.23150, 1.22170, 1.21560, 1.20870

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.23150, with Take Profit of 1.23810 and Stop Loss of 1.22600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.22170, with Take Profit of 1.21560 and Stop Loss of 1.22600