Technical analysis GBPUSD for 26.11.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.33175. The closest resistance is the level 1.33550
Key levels
- 1.3667, 1.3605, 1.3527, 1.3455, 1.3412, 1.3355, 1.3317, 1.3260, 1.3202
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3317, with Take Profit of 1.3355 and Stop Loss of 1.3260
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3355, with Take Profit of 1.3317 and Stop Loss of 1.3412
Scenario
Recommendation
BUY LIMIT
Entry Point
1.3317
Take Profit
1.3355
Stop Loss
1.3260
Key Levels
1.3667, 1.3605, 1.3527, 1.3455, 1.3412, 1.3355, 1.3317, 1.3260, 1.3202
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.3355
Take Profit
1.3317
Stop Loss
1.3412
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.