Technical analysis GBPUSD for 31.01.2022
31.01.2022 10:52
Intraday
Technical
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 is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 1.36825, 1.35950, 1.35275, 1.34548, 1.33725, 1.33175
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.34548, with Take Profit of 1.33725 and Stop Loss of 1.34810
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.34810, with Take Profit of 1.35275 and Stop Loss of 1.34548
Scenario
Recommendation
SELL LIMIT
Entry Point
1.34548
Take Profit
1.33725
Stop Loss
1.34810
Key Levels
1.36825, 1.35950, 1.35275, 1.34548, 1.33725, 1.33175
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.34810
Take Profit
1.35275
Stop Loss
1.34548