Technical analysis GBPUSD for 06.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3180. The closest resistance is the level 1.3255
Key levels
- 1.3715, 1.3604, 1.3510, 1.3430, 1.3342, 1.3305, 1.3255, 1.3180, 1.3130, 1.3065
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.3180 and Stop Loss of 1.3275
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3305, with Take Profit of 1.3380 and Stop Loss of 1.3275
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.3180
Stop Loss
1.3275
Key Levels
1.3715, 1.3604, 1.3510, 1.3430, 1.3342, 1.3305, 1.3255, 1.3180, 1.3130, 1.3065
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.3305
Take Profit
1.3380
Stop Loss
1.3275
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.