Technical analysis EURGBP for 18.04.2023
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains 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 0.88225. The closest resistance is the level 0.88400
Key levels
- 0.88525, 0.88400, 0.88225, 0.88125, 0.88000
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.88225, with Take Profit of 0.88400 and Stop Loss of 0.88125
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88125, with Take Profit of 0.88000 and Stop Loss of 0.88225
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.