Technical analysis GBPUSD for 03.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35250. The closest resistance is the level 1.35950
Key levels
- 1.37075, 1.36475, 1.35950, 1.35250, 1.34575, 1.34050, 1.33600
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.35950 and Stop Loss of 1.35250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35250, with Take Profit of 1.34575 and Stop Loss of 1.35550
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.