Technical analysis GBPUSD for 10.12.2021

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 1.3190. The closest resistance is the level 1.3290

Key levels

• 1.3600, 1.3505, 1.3445, 1.3360, 1.3290, 1.3190, 1.3120, 1.3000

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.3290, with Take Profit of 1.3190 and Stop Loss of 1.3360

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.3190, with Take Profit of 1.3120 and Stop Loss of 1.3230