Technical analysis GBPUSD for 29.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 resistance is the level 1.31150. The closest support is the level 1.30275
Key levels
- 1.34090, 1.33080, 1.32150, 1.31150, 1.30275, 1.29365, 1.28470
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.31150, with Take Profit of 1.30275 and Stop Loss of 1.31755
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.31150, with Take Profit of 1.32150 and Stop Loss of 1.30275
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.