Technical analysis GBPUSD for 12.05.2022
12.05.2022 09:08
Intraday
Technical
The Tenkan-sen line approaches below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is above 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 1.22360. The closest support is the level 1.21620
Key levels
- 1.23420, 1.22700, 1.22360, 1.21620, 1.21000, 1.20410
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.22360, with Take Profit of 1.22700 and Stop Loss of 1.21900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.21620, with Take Profit of 1.21000 and Stop Loss of 1.21900
Scenario
Recommendation
BUY STOP
Entry Point
1.22360
Take Profit
1.22700
Stop Loss
1.21900
Key Levels
1.23420, 1.22700, 1.22360, 1.21620, 1.21000, 1.20410
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.21620
Take Profit
1.21000
Stop Loss
1.21900