Technical analysis GBPCHF for 25.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.2405. The closest resistance is the level 1.2443
Key levels
- 1.2610, 1.2545, 1.2485, 1.2443, 1.2405, 1.2355, 1.2280
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.2355 and Stop Loss of 1.2443
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2355, with Take Profit of 1.2405 and Stop Loss of 1.2330