Technical analysis GBPUSD for 30.09.2022

30.09.2022 09:01
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 1.1135. The closest resistance is the lower border of the cloud

Key levels

  • 1.1364, 1.1135, 1.1000, 10.880, 1.0765, 1.0625, 1.0625, 1.0395

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 1.1364 and Stop Loss of 1.1000

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.1000, with Take Profit of 1.0765 and Stop Loss of 1.1135
Scenario
Recommendation
BUY

Entry Point

Take Profit
1.1364

Stop Loss
1.1000

Key Levels
1.1364, 1.1135, 1.1000, 10.880, 1.0765, 1.0625, 1.0625, 1.0395
Alternative scenario
Recommendation
SELL STOP

Entry Point
1.1000

Take Profit
1.0765

Stop Loss
1.1135