Technical analysis GBPUSD for 17.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 1.35926, 1.34310, 1.33860, 1.33569, 1.33145, 1.32595, 1.32235, 1.31900
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.32595, with Take Profit of 1.32235 and Stop Loss of 1.32850
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33145, with Take Profit of 1.33569 and Stop Loss of 1.32720
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.