Technical analysis GBPUSD for 08.01.2024
08.01.2024 17:55
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.27750. The closest support is the level 1.27110
Key levels
- 1.28600, 1.28140, 1.27750, 1.27110, 1.26680, 1.26250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27750, with Take Profit of 1.28140 and Stop Loss of 1.27350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27110, with Take Profit of 1.26680 and Stop Loss of 1.27350
Scenario
Recommendation
BUY STOP
Entry Point
1.27750
Take Profit
1.28140
Stop Loss
1.27350
Key Levels
1.28600, 1.28140, 1.27750, 1.27110, 1.26680, 1.26250
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.27110
Take Profit
1.26680
Stop Loss
1.27350