Technical analysis GBPUSD for 09.09.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
1.30400,1.31030,1.31400,1.32000,1.32600
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.31030, with Take Profit of 1.31700 and Stop Loss of 1.30600
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.31700, with Take Profit of 1.30400 and Stop Loss of 1.32000
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.