Technical analysis GBPUSD for 04.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
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 (Sell Limit) from the level of 1.3495, with Take Profit of 1.3435 and Stop Loss of 1.3545
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3380, with Take Profit of 1.3435 and Stop Loss of 1.3330
Scenario
Recommendation
SELL LIMIT
Entry Point
1.3495
Take Profit
1.3435
Stop Loss
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
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.3380
Take Profit
1.3435
Stop Loss
1.3330
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.