Technical analysis GBPUSD for 01.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.2220. The closest resistance is the level 1.2290

Key levels
- 1.2405, 1.2350, 1.2290, 1.2250, 1.2220, 1.2175, 1.2100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.2290, with Take Profit of 1.2335 and Stop Loss of 1.2255
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.2255, with Take Profit of 1.2175 and Stop Loss of 1.2290