Technical analysis GBPUSD for 05.02.2024
Tenkan-sen and Kijun-sen lines are merged. 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 resistance is the level 1.25410. The closest support is the level 1.24950

Key levels
- 1.26250, 1.25810, 1.25410, 1.24950, 1.24600, 1.24220
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25410, with Take Profit of 1.25810 and Stop Loss of 1.25200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24950, with Take Profit of 1.24600 and Stop Loss of 1.25200