Technical analysis GBPUSD for 02.03.2022
02.03.2022 10:55
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.32850. The closest resistance is the level 1.33550
Key levels
- 1.36825, 1.36325, 1.35450, 1.34950, 1.34175, 1.33550, 1.32850, 1.31775, 1.31025
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.32850, with Take Profit of 1.31775 and Stop Loss of 1.33550
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33550, with Take Profit of 1.34175 and Stop Loss of 1.32850
Scenario
Recommendation
SELL STOP
Entry Point
1.32850
Take Profit
1.31775
Stop Loss
1.33550
Key Levels
1.36825, 1.36325, 1.35450, 1.34950, 1.34175, 1.33550, 1.32850, 1.31775, 1.31025
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.33550
Take Profit
1.34175
Stop Loss
1.32850