Technical analysis GBPUSD for 10.06.2022
10.06.2022 09:01
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.25300. The closest support is the top of the cloud
Key levels
- 1.26500, 1.25900, 1.25300, 1.24870, 1.24300, 1.23700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25300, with Take Profit of 1.25900 and Stop Loss of 1.25000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24870, with Take Profit of 1.24300 and Stop Loss of 1.25000
Scenario
Recommendation
BUY STOP
Entry Point
1.25300
Take Profit
1.25900
Stop Loss
1.25000
Key Levels
1.26500, 1.25900, 1.25300, 1.24870, 1.24300, 1.23700
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.24870
Take Profit
1.24300
Stop Loss
1.25000