Technical analysis GBPUSD for 21.10.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the level 1.1135. The closest resistance is the level 1.1250

Key levels

• 1.1545, 1.1435, 1.1340, 1.1250, 1.1135, 1.0935

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.1135, with Take Profit of 1.0950 and Stop Loss of 1.1250

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.1250, with Take Profit of 1.1435 and Stop Loss of 1.1135