Technical analysis GBPUSD for 27.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red 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 support is the level 1.0765. The closest resistance is the level 1.0880

Key levels

• 1.1364, 1.1135, 1.1000, 10.880, 1.0765, 1.0625, 1.0625, 1.0395

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0880, with Take Profit of 1.1000 and Stop Loss of 1.0765

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0765, with Take Profit of 1.0625 and Stop Loss of 1.0880