Technical analysis GBPUSD for 02.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.32850. The closest resistance is the level 1.33550
Key levels
- 1.36825, 1.36325, 1.35450, 1.34950, 1.34175, 1.33550, 1.32850, 1.31775, 1.31025
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.32850, with Take Profit of 1.31775 and Stop Loss of 1.33550
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33550, with Take Profit of 1.34175 and Stop Loss of 1.32850
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.