Technical analysis GBPUSD for 23.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below 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 1.27680. The closest support is the level 1.26630

Key levels

• 1.28250, 1.27680, 1.26630, 1.25980, 1.25310

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.27680, with Take Profit of 1.28250 and Stop Loss of 1.27155

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.26630, with Take Profit of 1.25980 and Stop Loss of 1.27155