Technical analysis GBPUSD for 10.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3190. The closest resistance is the level 1.3290
Key levels
- 1.3600, 1.3505, 1.3445, 1.3360, 1.3290, 1.3190, 1.3120, 1.3000
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3290, with Take Profit of 1.3190 and Stop Loss of 1.3360
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3190, with Take Profit of 1.3120 and Stop Loss of 1.3230
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.