Technical analysis GBPUSD for 14.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.1800. The closest resistance is the level 1.1875

Key levels
- 1.2050, 1.1930, 1.1875, 1.1800, 1.1695, 1.1570
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.1875, with Take Profit of 1.1800 and Stop Loss of 1.1930
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1930, with Take Profit of 1.2050 and Stop Loss of 1.1875