Technical analysis GBPUSD for 03.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below 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 1.35050. The closest resistance is the level 1.36000
Key levels
- 1.36845, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.35050, with Take Profit of 1.36000 and Stop Loss of 1.34450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34450, with Take Profit of 1.33600 and Stop Loss of 1.35050
Scenario
Recommendation
BUY LIMIT
Entry Point
1.35050
Take Profit
1.36000
Stop Loss
1.34450
Key Levels
1.36845, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34450
Take Profit
1.33600
Stop Loss
1.35050
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.