Technical analysis GBPUSD for 04.11.2024
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.293. The closest resistance is the level 1.297
Key levels
1.2911, 1.293, 1.297, 1.299, 1.302
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.293, with Take Profit of 1.302 and Stop Loss of 1.2911
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.299, with Take Profit of 1.2911 and Stop Loss of 1.302
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.