Technical analysis GBPUSD for 27.03.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.23240. The closest support is the level 1.22340

Key levels

• 1.24600, 1.23880, 1.23240, 1.22340, 1.21780, 1.21290

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.23240, with Take Profit of 1.23880 and Stop Loss of 1.22750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.22340, with Take Profit of 1.21780 and Stop Loss of 1.22750