Technical analysis GBPUSD for 08.08.2022
08.08.2022 09:04
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 ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.2055. The closest resistance is the level 1.2095
Key levels
- 1.2275, 1.2190, 1.2140, 1.2095, 1.2055, 1.2000, 1.1920
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.2055, with Take Profit of 1.2000 and Stop Loss of 1.2095
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.2095, with Take Profit of 1.2140 and Stop Loss of 1.2055
Scenario
Recommendation
SELL STOP
Entry Point
1.2055
Take Profit
1.2000
Stop Loss
1.2095
Key Levels
1.2275, 1.2190, 1.2140, 1.2095, 1.2055, 1.2000, 1.1920
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.2095
Take Profit
1.2140
Stop Loss
1.2055