Technical analysis EURGBP for 05.09.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.86000. The closest resistance is the level 0.86450
Key levels
- 0.87475, 0.86950, 0.86450, 0.86000, 0.85575, 0.85050
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.86450, with Take Profit of 0.86950 and Stop Loss of 0.86000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86000, with Take Profit of 0.85575 and Stop Loss of 0.86400
Scenario
Recommendation
BUY STOP
Entry Point
0.86450
Take Profit
0.86950
Stop Loss
0.86000
Key Levels
0.87475, 0.86950, 0.86450, 0.86000, 0.85575, 0.85050
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86000
Take Profit
0.85575
Stop Loss
0.86400
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.