Technical analysis GBPUSD for 10.10.2022

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 entered the cloud. The closest support is the level 1.1045. The closest resistance is the level 1.1220

Key levels

• 1.1495, 1.1220, 1.1045, 1.0900, 1.0758, 1.0550, 1.0335

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.1220 and Stop Loss of 1.0900

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0900, with Take Profit of 1.0550 and Stop Loss of 1.1045