Technical analysis GBPUSD for 21.01.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the level 1.3550. The closest resistance is the level 1.3590
Key levels
- 1.3800, 1.3750, 1.3675, 1.3630, 1.3590, 1.3550, 1.3500, 1.3430, 1.3370
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3590, with Take Profit of 1.3500 and Stop Loss of 1.3630
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3550, with Take Profit of 1.3630 and Stop Loss of 1.3500
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.