Technical analysis EURGBP for 23.03.2023
23.03.2023 01:15
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.88400. The closest resistance is the level 0.88550
Key levels
- 0.88875, 0.88700, 0.88550, 0.88400, 0.88250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88550, with Take Profit of 0.88700 and Stop Loss of 0.88400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88400, with Take Profit of 0.88250 and Stop Loss of 0.88550
Scenario
Recommendation
BUY STOP
Entry Point
0.88550
Take Profit
0.88700
Stop Loss
0.88400
Key Levels
0.88875, 0.88700, 0.88550, 0.88400, 0.88250
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88400
Take Profit
0.88250
Stop Loss
0.88550