Technical analysis EURGBP for 13.09.2022

13.09.2022 08:30
Intraday
Technical

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 is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.86550. The closest resistance is the level 0.87200

Key levels

  • 0.87580, 0.87200, 0.86550, 0.86150, 0.85600

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 0.86550, with Take Profit of 0.87200 and Stop Loss of 0.86150

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.86150, with Take Profit of 0.85600 and Stop Loss of 0.86550
Scenario
Recommendation
BUY LIMIT

Entry Point
0.86550

Take Profit
0.87200

Stop Loss
0.86150

Key Levels
0.87580, 0.87200, 0.86550, 0.86150, 0.85600
Alternative scenario
Recommendation
SELL STOP

Entry Point
0.86150

Take Profit
0.85600

Stop Loss
0.86550