Technical analysis GBPCAD for 19.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 1.5130. The closest resistance is the level 1.5163

Key levels

• 1.5300, 1.5235, 1.5195, 1.5163, 1.5130, 1.5090, 1.5025

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.5130, with Take Profit of 1.5090 and Stop Loss of 1.5163

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.5163, with Take Profit of 1.5235 and Stop Loss of 1.5130