Technical analysis GBPUSD for 08.03.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest support is the level 150.00. The closest resistance is the level 152.00
Key levels
- 155.15, 154.15, 153.55, 152.60, 152.00, 151.00, 149.85, 148.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 152.00, with Take Profit of 151.00 and Stop Loss of 152.60
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 152.60, with Take Profit of 153.55 and Stop Loss of 152.00
Scenario
Recommendation
SELL LIMIT
Entry Point
152.00
Take Profit
151.00
Stop Loss
152.60
Key Levels
155.15, 154.15, 153.55, 152.60, 152.00, 151.00, 149.85, 148.50
Alternative scenario
Recommendation
BUY STOP
Entry Point
152.60
Take Profit
153.55
Stop Loss
152.00
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.