Technical analysis GBPUSD for 25.05.2022

The Tenkan-sen line is located above 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 corrected to the Tenkan-se line. The closest resistance is the level 1.25720. The closest support is the level 1.24980

Key levels

• 1.26730, 1.26060, 1.25720, 1.24980, 1.24490, 1.23890

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.25720, with Take Profit of 1.26060 and Stop Loss of 1.25300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.24980, with Take Profit of 1.24490 and Stop Loss of 1.25300