Technical analysis GBPNZD for 12.09.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.90460. The closest support is the level 1.89710

Key levels

• 1.91280, 1.90950, 1.90460, 1.89710, 1.89320, 1.88920

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.90460, with Take Profit of 1.90950 and Stop Loss of 1.90100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.89710, with Take Profit of 1.89320 and Stop Loss of 1.90100