Technical analysis GBPUSD for 31.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3495. The closest resistance is the level 1.3545
Key levels
- 1.3690, 1.3595, 1.3545, 1.3495, 1.3435, 1.3335, 1.3380, 1.3330, 1.3275, 1.3225, 1.3170
Trading scenario
- Recommended opening short positions (Bay Limit) from the level of 1.3495, with Take Profit of 1.3545 and Stop Loss of 1.3480
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3545, with Take Profit of 1.3495 and Stop Loss of 1.3595
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.