Technical analysis GBPUSD for 22.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward 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 1.3265. The closest resistance is the level 1.3288
Key levels
- 1.3370, 1.3320, 1.3288, 1.3265, 1.3242, 1.3210, 1.3186, 1.3210, 1.3186, 1.3161,1.3135
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3288, with Take Profit of 1.3242 and Stop Loss of 1.3300
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3210, with Take Profit of 1.3265 and Stop Loss of 1.3186
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.