Technical analysis EURGBP for 01.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.8503. The closest resistance is the level 0.8528
Key levels
- 0.8617, 0.8575, 0.8550, 0.8528, 0.8503, 0.8480, 0.8440
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.8528, with Take Profit of 0.8575 and Stop Loss of 0.8503
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8503, with Take Profit of 0.8440 and Stop Loss of 0.8528
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.