Technical analysis EURGBP for 23.08.2022

The Tenkan-sen line is located above 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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.84375. The closest resistance is the level 0.84780

Key levels

• 0.85225, 0.84780, 0.84375, 0.84000, 0.83575

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.84375, with Take Profit of 0.84780 and Stop Loss of 0.84000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84000, with Take Profit of 0.83575 and Stop Loss of 0.84375