Technical analysis GBPUSD for 30.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.298. The closest resistance is the level 1.301

Key levels

1.294, 1.296. 1.298, 1.301, 1.1304

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.296, with Take Profit of 1.1304 and Stop Loss of 1.294

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.301, with Take Profit of 1.294 and Stop Loss of 1.1304