Technical analysis GBPUSD for 15.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.27520. The closest support is the level 1.26800

Key levels

• 1.28350, 1.27940, 1.27520, 1.26800, 1.26400, 1.25990

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.27520, with Take Profit of 1.27940 and Stop Loss of 1.27150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.26800, with Take Profit of 1.26400 and Stop Loss of 1.27150