Technical analysis EURGBP for 09.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.85980. The closest support is the level 0.85280
Key levels
- 0.86820, 0.86330, 0.85980, 0.85280, 0.84860, 0.84490
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.85980, with Take Profit of 0.86330 and Stop Loss of 0.85600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.85280, with Take Profit of 0.84860 and Stop Loss of 0.85600