Technical analysis GBPUSD for 02.11.2022
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.15470. The closest support is the level 1.13900
Key levels
- 1.17000, 1.16240, 1.15470, 1.13900, 1.12970, 1.11930
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.15470, with Take Profit of 1.16240 and Stop Loss of 1.14750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.13900, with Take Profit of 1.12970 and Stop Loss of 1.14750
Scenario
Recommendation
BUY STOP
Entry Point
1.15470
Take Profit
1.16240
Stop Loss
1.14750
Key Levels
1.17000, 1.16240, 1.15470, 1.13900, 1.12970, 1.11930
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.13900
Take Profit
1.12970
Stop Loss
1.14750
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.