Technical analysis EURGBP for 30.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level . The closest support is the top of the cloud
Key levels
- 0.85620, 0.85460, 0.85240, 0.84950, 0.84800, 0.84680
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85240, with Take Profit of 0.85460 and Stop Loss of 0.85000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84950, with Take Profit of 0.84800 and Stop Loss of 0.85000
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.