Technical analysis GBPUSD for 11.03.2022
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 is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3020. The closest resistance is the level 1.3075
Key levels
- 1.3410, 1.3300, 1.3230, 1.3165, 1.3075, 1.3020, 1.2950, 1.2880, 1.2810
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.2950 and Stop Loss of 1.3165
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2950, with Take Profit of 1.3075 and Stop Loss of 1.2880
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.2950
Stop Loss
1.3165
Key Levels
1.3410, 1.3300, 1.3230, 1.3165, 1.3075, 1.3020, 1.2950, 1.2880, 1.2810
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.2950
Take Profit
1.3075
Stop Loss
1.2880
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.