Technical analysis GBPUSD for 18.03.2022
18.03.2022 10:41
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument broke through the lower border of the cloud and continued to fall. The closest resistance is the level 1.3175. The closest support is the level 1.3113
Key levels
- 1.3600, 1.3505, 1.3445, 1.3335, 1.3256, 1.3175, 1.3113, 1.3000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3175, with Take Profit of 1.3256 and Stop Loss of 1.3113
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3113, with Take Profit of 1.3000 and Stop Loss of 1.3175
Scenario
Recommendation
BUY STOP
Entry Point
1.3175
Take Profit
1.3256
Stop Loss
1.3113
Key Levels
1.3600, 1.3505, 1.3445, 1.3335, 1.3256, 1.3175, 1.3113, 1.3000
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.3113
Take Profit
1.3000
Stop Loss
1.3175