Technical analysis GBPUSD for 18.01.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument punched the Tenkan-se and Kijun-sen lines from top to bottom. The closest support is the level 1.3630. The closest resistance is the level 1.3675
Key levels
- 1.3800, 1.3750, 1.3675, 1.3630, 1.3590, 1.3550, 1.3500, 1.3430, 1.3370
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3675, with Take Profit of 1.3750 and Stop Loss of 1.3630
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3630, with Take Profit of 1.3550 and Stop Loss of 1.3675
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.