Technical analysis GBPAUD for 21.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.69425. The closest resistance is the level 1.70125

Key levels

• 1.72050, 1.70925, 1.70125, 1.69425, 1.68700, 1.67875

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.70125, with Take Profit of 1.69425 and Stop Loss of 1.70390

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.70925, with Take Profit of 1.72050 and Stop Loss of 1.70125