Technical analysis EURGBP for 19.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 0.8465. The closest resistance is the level 0.8495
Key levels
- 0.8585, 0.8530, 0.8495, 0.8465, 0.8435, 0.8400, 0.8345
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.8495 and Stop Loss of 0.8435
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8435, with Take Profit of 0.8400 and Stop Loss of 0.8465
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.