Technical analysis GBPAUD for 30.08.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 1.70265. The closest support is the level 1.69000

Key levels

• 1.71335, 1.70865, 1.70265, 1.69000, 1.68365, 1.67705

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.70265, with Take Profit of 1.70865 and Stop Loss of 1.69550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.69000, with Take Profit of 1.68365 and Stop Loss of 1.69550