Technical analysis EURGBP for 04.05.2022
04.05.2022 09:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 0.84500. The closest support is the level 0.84210
Key levels
- 0.84800, 0.84500, 0.84210, 0.83980, 0.83700, 0.84430
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.84500, with Take Profit of 0.84800 and Stop Loss of 0.84335
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.84210, with Take Profit of 0.83980 and Stop Loss of 0.84335
Scenario
Recommendation
BUY STOP
Entry Point
0.84500
Take Profit
0.84800
Stop Loss
0.84335
Key Levels
0.84800, 0.84500, 0.84210, 0.83980, 0.83700, 0.84430
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.84210
Take Profit
0.83980
Stop Loss
0.84335