Technical analysis GBPUSD for 03.05.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 1.24500. The closest resistance is the level 1.25800
Key levels
- 1.27775, 1.26800, 1.25800, 1.24500, 1.23400, 1.22425
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.25800, with Take Profit of 1.24500 and Stop Loss of 1.26800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.26800, with Take Profit of 1.27775 and Stop Loss of 1.26100
Scenario
Recommendation
SELL LIMIT
Entry Point
1.25800
Take Profit
1.24500
Stop Loss
1.26800
Key Levels
1.27775, 1.26800, 1.25800, 1.24500, 1.23400, 1.22425
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.26800
Take Profit
1.27775
Stop Loss
1.26100
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.