Technical analysis EURGBP for 28.09.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.8955. The closest resistance is the level 0.9010

Key levels

• 0.9195, 0.9085, 0.9010, 0.8955, 0.8895, 0.8825, 0.8710

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.8955, with Take Profit of 0.8895 and Stop Loss of 0.9010

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9010, with Take Profit of 0.9085 and Stop Loss of 0.8955