Technical analysis GBPUSD for 13.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains 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 1.31900. The closest support is the level 1.28230

Key levels

• 1.33910, 1.31900, 1.28230, 1.26220, 1.24240

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.31900, with Take Profit of 1.33910 and Stop Loss of 1.29890

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.28230, with Take Profit of 1.26220 and Stop Loss of 1.29890