Technical analysis GBPAUD for 28.03.2023

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 1.84600. The closest resistance is the level 1.86225

Key levels

• 1.89150, 1.87700, 1.86225, 1.84600, 1.83100, 1.81100

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.84600, with Take Profit of 1.86225 and Stop Loss of 1.83100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.83100, with Take Profit of 1.81100 and Stop Loss of 1.84600