Technical analysis GBPUSD for 22.06.2022
The Tenkan-sen line is located above 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 above 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 ready to roll over from ascending to descending. Instrument adjusted to the Kijun-sen line. The closest support is the level 1.2185. The closest resistance is the level 1.2265
Key levels
- 1.2600, 1.2440, 1.2345, 1.2265, 1.2185, 1.2090, 1.1940
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.2185, with Take Profit of 1.2080 and Stop Loss of 1.2265
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.2265, with Take Profit of 1.2185 and Stop Loss of 1.2345
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.