Technical analysis GBPUSD for 27.03.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.23240. The closest support is the level 1.22340
Key levels
- 1.24600, 1.23880, 1.23240, 1.22340, 1.21780, 1.21290
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.23240, with Take Profit of 1.23880 and Stop Loss of 1.22750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.22340, with Take Profit of 1.21780 and Stop Loss of 1.22750
Scenario
Recommendation
BUY STOP
Entry Point
1.23240
Take Profit
1.23880
Stop Loss
1.22750
Key Levels
1.24600, 1.23880, 1.23240, 1.22340, 1.21780, 1.21290
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.22340
Take Profit
1.21780
Stop Loss
1.22750
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.