Technical analysis GBPUSD for 24.03.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level . The closest support is the level
Key levels
- 1.35150, 1.34000, 1.33200, 1.32250, 1.31250, 1.30650, 1.29525
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.31250 and Stop Loss of 1.32250
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.31250, with Take Profit of 1.32250 and Stop Loss of 1.30650
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.31250
Stop Loss
1.32250
Key Levels
1.35150, 1.34000, 1.33200, 1.32250, 1.31250, 1.30650, 1.29525
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.31250
Take Profit
1.32250
Stop Loss
1.30650
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.