Technical analysis EURGBP for 01.07.2022

The Tenkan-sen line is located below 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 0.86400. The closest support is the level 0.86050

Key levels

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

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.86400, with Take Profit of 0.86775 and Stop Loss of 0.86200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.86050, with Take Profit of 0.85650 and Stop Loss of 0.86200