Technical analysis GBPUSD for 27.01.2022
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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3385. The closest resistance is the level 1.3455
Key levels
- 1.3735, 1.3600, 1.3520, 1.3455, 1.3385, 1.3305, 1.3230
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3455, with Take Profit of 1.3385 and Stop Loss of 1.3520
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3385, with Take Profit of 1.3455 and Stop Loss of 1.3350
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.