Technical analysis GBPUSD for 01.06.2022
01.06.2022 18:12
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.24875. The closest resistance is the level 1.25300
Key levels
- 1.26500, 1.25900, 1.25300, 1.24875, 1.24300, 1.23700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24875, with Take Profit of 1.24300 and Stop Loss of 1.25300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25300, with Take Profit of 1.25900 and Stop Loss of 1.24875
Scenario
Recommendation
SELL STOP
Entry Point
1.24875
Take Profit
1.24300
Stop Loss
1.25300
Key Levels
1.26500, 1.25900, 1.25300, 1.24875, 1.24300, 1.23700
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.25300
Take Profit
1.25900
Stop Loss
1.24875