Technical analysis GBPUSD for 23.01.2024
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.26890. The closest support is the level 1.26250
Key levels
- 1.27750, 1.27370, 1.26890, 1.26250, 1.25810, 1.25410
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.26890, with Take Profit of 1.27370 and Stop Loss of 1.26580
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.26250, with Take Profit of 1.25810 and Stop Loss of 1.26580
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.