Technical analysis GBPUSD for 11.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 1.36000. The closest resistance is the level 1.36845
Key levels
- 1.37950, 1.36845, 1.36000, 1.35050, 1.34450, 1.33600, 1.32900, 1.31900, 1.31200, 1.30000
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36000, with Take Profit of 1.36845 and Stop Loss of 1.35635
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35900, with Take Profit of 1.35050 and Stop Loss of 1.36700
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.