Technical analysis EURGBP for 24.10.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom 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 0.87170. The closest support is the level 0.85870

Key levels
- 0.88580, 0.88060, 0.87170, 0.85870, 0.85190, 0.84520
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87170, with Take Profit of 0.88060 and Stop Loss of 0.86500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.85870, with Take Profit of 0.85190 and Stop Loss of 0.86500