Technical analysis GBPUSD for 26.07.2023
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 above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.30430. The closest support is the level 1.27540
Key levels
- 1.31820, 1.30430, 1.27540, 1.26090, 1.24640
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.30430, with Take Profit of 1.31820 and Stop Loss of 1.28990
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27540, with Take Profit of 1.26090 and Stop Loss of 1.28990
Scenario
Recommendation
BUY STOP
Entry Point
1.30430
Take Profit
1.31820
Stop Loss
1.28990
Key Levels
1.31820, 1.30430, 1.27540, 1.26090, 1.24640
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.27540
Take Profit
1.26090
Stop Loss
1.28990
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.