Technical analysis GBPUSD for 28.04.2022
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 1.2445. The closest resistance is the level 1.2505
Key levels
- 1.3250, 1.3110, 1.2995, 1.2880, 1.2740, 1.2640, 1.2505, 1.2445, 1.2290
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.2445, with Take Profit of 1.2290 and Stop Loss of 1.2505
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.2505, with Take Profit of 1.2640 and Stop Loss of 1.2445
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.