Technical analysis GBPUSD for 06.07.2023
06.07.2023 17:21
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red 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 resistance is the level 1.27770. The closest support is the level 1.26040
Key levels
- 1.28920, 1.27770, 1.26040, 1.24900, 1.23750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27770, with Take Profit of 1.28920 and Stop Loss of 1.26890
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.26040, with Take Profit of 1.24900 and Stop Loss of 1.26890
Scenario
Recommendation
BUY STOP
Entry Point
1.27770
Take Profit
1.28920
Stop Loss
1.26890
Key Levels
1.28920, 1.27770, 1.26040, 1.24900, 1.23750
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.26040
Take Profit
1.24900
Stop Loss
1.26890