Technical analysis GBPUSD for 16.02.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.25990. The closest support is the level 1.25380
Key levels
1.26800, 1.26400, 1.25990, 1.25380, 1.25000, 1.24650
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 1.25990, with Take Profit of 1.26400 and Stop Loss of 1.25700
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 1.25380, with Take Profit of 1.25000 and Stop Loss of 1.25700
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.