Technical analysis GBPUSD for 09.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines

Key levels

1.30400,1.31030,1.31400,1.32000,1.32600

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.31030, with Take Profit of 1.31700 and Stop Loss of 1.30600

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.31700, with Take Profit of 1.30400 and Stop Loss of 1.32000