Technical analysis GBPUSD for 07.09.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
Tenkan-sen and Kijun-sen lines are merged. 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 1.15150. The closest support is the level 1.14270
Key levels
- 1.16110, 1.15700, 1.15150, 1.14270, 1.13630, 1.12920
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.15150, with Take Profit of 1.15700 and Stop Loss of 1.14700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.14270, with Take Profit of 1.13630 and Stop Loss of 1.14700
Scenario
Recommendation
BUY STOP
Entry Point
1.15150
Take Profit
1.15700
Stop Loss
1.14700
Key Levels
1.16110, 1.15700, 1.15150, 1.14270, 1.13630, 1.12920
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.14270
Take Profit
1.13630
Stop Loss
1.14700
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.