Technical analysis EURGBP for 13.09.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86550. The closest resistance is the level 0.87200
Key levels
- 0.87580, 0.87200, 0.86550, 0.86150, 0.85600
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.86550, with Take Profit of 0.87200 and Stop Loss of 0.86150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86150, with Take Profit of 0.85600 and Stop Loss of 0.86550
Scenario
Recommendation
BUY LIMIT
Entry Point
0.86550
Take Profit
0.87200
Stop Loss
0.86150
Key Levels
0.87580, 0.87200, 0.86550, 0.86150, 0.85600
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86150
Take Profit
0.85600
Stop Loss
0.86550
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.