Technical analysis GBPUSD for 04.03.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 1.31900. The closest resistance is the level 1.32850
Key levels
- 1.36850, 1.36050, 1.35050, 1.34350, 1.33700, 1.32850, 1.31900, 1.31050
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.32850, with Take Profit of 1.31900 and Stop Loss of 1.33700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33700, with Take Profit of 1.34350 and Stop Loss of 1.33260
Scenario
Recommendation
SELL LIMIT
Entry Point
1.32850
Take Profit
1.31900
Stop Loss
1.33700
Key Levels
1.36850, 1.36050, 1.35050, 1.34350, 1.33700, 1.32850, 1.31900, 1.31050
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.33700
Take Profit
1.34350
Stop Loss
1.33260
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.