Technical analysis GBPAUD for 14.11.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The cl

osest resistance is the level 1.77030. The closest support is the level 1.75680

Key levels

• 1.78760, 1.77790, 1.77030, 1.75680, 1.74690, 1.73770

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.77030, with Take Profit of 1.77790 and Stop Loss of 1.76350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.75680, with Take Profit of 1.74690 and Stop Loss of 1.76350