Technical analysis GBPUSD for 30.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.2115. The closest resistance is the level 1.2170

Key levels

• 1.2405, 1.2295, 1.2220, 1.2170, 1.2115, 1.2045, 1.1930

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.2220 and Stop Loss of 1.2150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.2115, with Take Profit of 1.2045 and Stop Loss of 1.2170