Technical analysis GBPUSD for 02.05.2022
02.05.2022 17:22
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 resistance is the level 1.25930. The closest support is the level 1.24670
Key levels
- 1.28150, 1.27090, 1.25930, 1.24670, 1.23660, 1.22900
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25930, with Take Profit of 1.27090 and Stop Loss of 1.25300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24670, with Take Profit of 1.23660 and Stop Loss of 1.25300
Scenario
Recommendation
BUY STOP
Entry Point
1.25930
Take Profit
1.27090
Stop Loss
1.25300
Key Levels
1.28150, 1.27090, 1.25930, 1.24670, 1.23660, 1.22900
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.24670
Take Profit
1.23660
Stop Loss
1.25300