Technical analysis GBPUSD for 31.01.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. 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
- 1.36825, 1.35950, 1.35275, 1.34548, 1.33725, 1.33175
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.34548, with Take Profit of 1.33725 and Stop Loss of 1.34810
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.34810, with Take Profit of 1.35275 and Stop Loss of 1.34548
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.