Technical analysis GBPUSD for 09.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.35050. The closest resistance is the level 1.35550

Key levels

• 1.37375, 1.36575, 1.36000, 1.35550, 1.35050, 1.34550, 1.33750, 1.33025

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.35550, with Take Profit of 1.36000 and Stop Loss of 1.35150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.35050, with Take Profit of 1.34550 and Stop Loss of 1.35550