Technical analysis GBPUSD for 18.03.2022
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 is ascending. Instrument broke through the lower border of the cloud and continued to fall. The closest resistance is the level 1.3175. The closest support is the level 1.3113
Key levels
- 1.3600, 1.3505, 1.3445, 1.3335, 1.3256, 1.3175, 1.3113, 1.3000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3175, with Take Profit of 1.3256 and Stop Loss of 1.3113
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3113, with Take Profit of 1.3000 and Stop Loss of 1.3175
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.