Technical analysis GBPUSD for 13.10.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.1045. The closest resistance is the level 1.1220
Key levels
- 1.1495, 1.1220, 1.1045, 1.0900, 1.0758, 1.0550, 1.0335
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1045, with Take Profit of 1.0758 and Stop Loss of 1.1220
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1220, with Take Profit of 1.1495 and Stop Loss of 1.1045
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.