Technical analysis GBPUSD for 19.11.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.26755. The closest resistance is the level 1.26937
Key levels
1.26441, 1.26600, 1.26755, 1.26937, 1.27049
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.26755, with Take Profit of 1.27049 and Stop Loss of 1.26600
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.26937, with Take Profit of 1.26600 and Stop Loss of 1.27049
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.