Technical analysis EURGBP for 17.10.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86700. The closest resistance is the level 0.87200

Key levels
- 0.87975, 0.87200, 0.86700, 0.86100, 0.85450
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86700, with Take Profit of 0.86100 and Stop Loss of 0.87200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87200, with Take Profit of 0.87975 and Stop Loss of 0.86700