Technical analysis EURGBP for 20.07.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 0.84775. The closest resistance is the level 0.85125

Key levels
- 0.86125, 0.85575, 0.85125, 0.84775, 0.84400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85125, with Take Profit of 0.85575 and Stop Loss of 0.84775
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84775, with Take Profit of 0.84400 and Stop Loss of 0.85125