Technical analysis GBPUSD for 22.09.2022

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