Technical analysis GBPUSD for 15.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.32900. The closest support is the level 1.31900
Key levels
- 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.31900 and Stop Loss of 1.33600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33600, with Take Profit of 1.34450 and Stop Loss of 1.32900
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.