Technical analysis GBPUSD for 22.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 1.1775. The closest resistance is the level 1.1805

Key levels
- 1.1870, 1.1840, 1.1805, 1.1775, 1.1740, 1.1700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1775, with Take Profit of 1.1740 and Stop Loss of 1.1805
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1805, with Take Profit of 1.1840 and Stop Loss of 1.1775