Technical analysis GBPUSD for 20.12.2021

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the level 1.3210. The closest resistance is the lower border of the cloud

Key levels

• 1.3370, 1.3320, 1.3288, 1.3265, 1.3242, 1.3210, 1.3186, 1.3161, 1.3135

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.3210, with Take Profit of 1.3242 and Stop Loss of 1.3200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.3186, with Take Profit of 1.3135 and Stop Loss of 1.3210