Technical analysis EURGBP for 23.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87780. The closest support is the level 0.87230

Key levels

• 0.89050, 0.88390, 0.87780, 0.87230, 0.86740, 0.86190

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.87780, with Take Profit of 0.88390 and Stop Loss of 0.87500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.87230, with Take Profit of 0.86740 and Stop Loss of 0.87500