Technical analysis GBPAUD for 09.08.2022
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 resistance is the level 1.73300. The closest support is the level 1.72600
Key levels
- 1.74370, 1.73700, 1.73300, 1.72600, 1.72210, 1.71740
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.73300, with Take Profit of 1.73700 and Stop Loss of 1.72950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.72600, with Take Profit of 1.72210 and Stop Loss of 1.72950
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.