Technical analysis EURGBP for 28.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains 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 support is the level 0.83800. The closest resistance is the level 0.84325

Key levels
- 0.85125, 0.84775, 0.84325, 0.83800, 0.83200
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83800, with Take Profit of 0.83200 and Stop Loss of 0.84325
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.84325, with Take Profit of 0.84775 and Stop Loss of 0.84140