Technical analysis GBPCHF for 23.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 1.2300. The closest resistance is the level 1.2350
Key levels
- 1.2550, 1.2455, 1.2397, 1.2350, 1.2300, 1.2240, 1.2150, 1.2075
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.2350 and Stop Loss of 1.2255
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.2240, with Take Profit of 1.2150 and Stop Loss of 1.2300
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.