Technical analysis GBPUSD for 10.06.2022
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