Technical analysis GBPUSD for 24.08.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 1.17575. The closest resistance is the level 1.18200
Key levels
- 1.19900, 1.18950, 1.18200, 1.17575, 1.16650
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.18200, with Take Profit of 1.18950 and Stop Loss of 1.17575
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.17575, with Take Profit of 1.16650 and Stop Loss of 1.18200
Scenario
Recommendation
BUY STOP
Entry Point
1.18200
Take Profit
1.18950
Stop Loss
1.17575
Key Levels
1.19900, 1.18950, 1.18200, 1.17575, 1.16650
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.17575
Take Profit
1.16650
Stop Loss
1.18200
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.