Technical analysis GBPUSD for 11.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.20180. The closest support is the level 1.19490
Key levels
- 1.21770, 1.20890, 1.20180, 1.19490, 1.18810, 1.18250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.20180, with Take Profit of 1.20890 and Stop Loss of 1.19850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.19490, with Take Profit of 1.18810 and Stop Loss of 1.19850