Technical analysis EURGBP for 23.08.2022
23.08.2022 08:58
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above 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 0.84375. The closest resistance is the level 0.84780
Key levels
- 0.85225, 0.84780, 0.84375, 0.84000, 0.83575
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.84375, with Take Profit of 0.84780 and Stop Loss of 0.84000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84000, with Take Profit of 0.83575 and Stop Loss of 0.84375
Scenario
Recommendation
BUY LIMIT
Entry Point
0.84375
Take Profit
0.84780
Stop Loss
0.84000
Key Levels
0.85225, 0.84780, 0.84375, 0.84000, 0.83575
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.84000
Take Profit
0.83575
Stop Loss
0.84375