Technical analysis GBPAUD for 06.04.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.86450. The closest support is the level 1.84810
Key levels
- 1.88500, 1.87590, 1.86450, 1.84810, 1.84340, 1.83720
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.86450, with Take Profit of 1.87590 and Stop Loss of 1.85550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.84810, with Take Profit of 1.84340 and Stop Loss of 1.85550
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.