Technical analysis GBPUSD for 27.06.2023
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.27770. The closest support is the level 1.26600
Key levels
- 1.28470, 1.27770, 1.26600, 1.25920, 1.25200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27770, with Take Profit of 1.28470 and Stop Loss of 1.27185
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.26600, with Take Profit of 1.25920 and Stop Loss of 1.27185
Scenario
Recommendation
BUY STOP
Entry Point
1.27770
Take Profit
1.28470
Stop Loss
1.27185
Key Levels
1.28470, 1.27770, 1.26600, 1.25920, 1.25200
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.26600
Take Profit
1.25920
Stop Loss
1.27185
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.