Technical analysis GBPUSD for 13.10.2023
13.10.2023 01:10
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 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 1.23170. The closest support is the level 1.20880
Key levels
- 1.27250, 1.25260, 1.23170, 1.20880, 1.18240
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.23170, with Take Profit of 1.25260 and Stop Loss of 1.22000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.20880, with Take Profit of 1.18240 and Stop Loss of 1.22000
Scenario
Recommendation
BUY STOP
Entry Point
1.23170
Take Profit
1.25260
Stop Loss
1.22000
Key Levels
1.27250, 1.25260, 1.23170, 1.20880, 1.18240
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.20880
Take Profit
1.18240
Stop Loss
1.22000