Technical analysis GBPAUD for 27.10.2022

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 corrected to the Tenkan-se line. The closest resistance is the level 1.79920. The closest support is the level 1.78260

Key levels

• 1.81580, 1.80730, 1.79920, 1.78260, 1.77030, 1.76340

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.79920, with Take Profit of 1.80730 and Stop Loss of 1.79100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.78260, with Take Profit of 1.77030 and Stop Loss of 1.79100