Technical analysis GBPUSD for 11.05.2022
11.05.2022 19:20
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 support is the level 1.22200. The closest resistance is the level 1.23175
Key levels
- 1.27600, 1.26175, 1.25250, 1.24150, 1.23175, 1.22200, 1.20950
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.23175, with Take Profit of 1.22200 and Stop Loss of 1.24150
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.24150, with Take Profit of 1.25250 and Stop Loss of 1.23175
Scenario
Recommendation
SELL LIMIT
Entry Point
1.23175
Take Profit
1.22200
Stop Loss
1.24150
Key Levels
1.27600, 1.26175, 1.25250, 1.24150, 1.23175, 1.22200, 1.20950
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.24150
Take Profit
1.25250
Stop Loss
1.23175