Technical analysis GBPUSD for 10.10.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument entered the cloud. The closest support is the level 1.1045. The closest resistance is the level 1.1220
Key levels
- 1.1495, 1.1220, 1.1045, 1.0900, 1.0758, 1.0550, 1.0335
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.1220 and Stop Loss of 1.0900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.0900, with Take Profit of 1.0550 and Stop Loss of 1.1045
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.1220
Stop Loss
1.0900
Key Levels
1.1495, 1.1220, 1.1045, 1.0900, 1.0758, 1.0550, 1.0335
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.0900
Take Profit
1.0550
Stop Loss
1.1045
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.