Technical analysis GBPUSD for 22.09.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 support is the level 1.1225. The closest resistance is the level 1.1260
Key levels
- 1.1357, 1.1305, 1.1260, 1.1225, 1.1155
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1225, with Take Profit of 1.1155 and Stop Loss of 1.1260
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1260, with Take Profit of 1.1305 and Stop Loss of 1.1225
Scenario
Recommendation
SELL STOP
Entry Point
1.1225
Take Profit
1.1155
Stop Loss
1.1260
Key Levels
1.1357, 1.1305, 1.1260, 1.1225, 1.1155
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.1260
Take Profit
1.1305
Stop Loss
1.1225
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.