Technical analysis GBPAUD for 13.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.81600. The closest resistance is the level 1.82200

Key levels

• 1.82950, 1.82200, 1.81600, 1.81000, 1.80200

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.81600, with Take Profit of 1.82200 and Stop Loss of 1.81000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.81000, with Take Profit of 1.80200 and Stop Loss of 1.81600