Technical analysis EURGBP for 29.06.2022

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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86050. The closest resistance is the level 0.86400

Key levels

• 0.87225, 0.86775, 0.86400, 0.86050, 0.85650, 0.85200

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.86050, with Take Profit of 0.86400 and Stop Loss of 0.85960

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.85650, with Take Profit of 0.85200 and Stop Loss of 0.86050