Technical analysis GBPCHF for 04.07.2022
04.07.2022 02:41
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.15800. The closest resistance is the level 1.16325
Key levels
- 1.17800, 1.17050, 1.16325, 1.15800, 1.14900
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.15800, with Take Profit of 1.14900 and Stop Loss of 1.16325
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.16325, with Take Profit of 1.17050 and Stop Loss of 1.15800
Scenario
Recommendation
SELL STOP
Entry Point
1.15800
Take Profit
1.14900
Stop Loss
1.16325
Key Levels
1.17800, 1.17050, 1.16325, 1.15800, 1.14900
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.16325
Take Profit
1.17050
Stop Loss
1.15800