Technical analysis EURGBP for 25.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains 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 0.85125. The closest resistance is the level 0.85625

Key levels

• 0.86125, 0.85625, 0.85125, 0.84775, 0.84325

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.85125, with Take Profit of 0.85625 and Stop Loss of 0.84775

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84775, with Take Profit of 0.84325 and Stop Loss of 0.85125