Technical analysis GBPUSD for 19.07.2023
19.07.2023 17:04
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.30380. The closest support is the level 1.27510
Key levels
- 1.31720, 1.30380, 1.27510, 1.25960, 1.24390
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.30380, with Take Profit of 1.31720 and Stop Loss of 1.28960
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27510, with Take Profit of 1.25960 and Stop Loss of 1.28960
Scenario
Recommendation
BUY STOP
Entry Point
1.30380
Take Profit
1.31720
Stop Loss
1.28960
Key Levels
1.31720, 1.30380, 1.27510, 1.25960, 1.24390
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.27510
Take Profit
1.25960
Stop Loss
1.28960