Technical analysis GBPCHF for 04.07.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.15800. The closest resistance is the level 1.16325
Key levels
- 1.17800, 1.17050, 1.16325, 1.15800, 1.14900
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.15800, with Take Profit of 1.14900 and Stop Loss of 1.16325
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.16325, with Take Profit of 1.17050 and Stop Loss of 1.15800
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.