Technical analysis GBPUSD for 12.06.2023
12.06.2023 19:05
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.25340. The closest support is the level 1.24700
Key levels
- 1.26520, 1.25900, 1.25340, 1.24700, 1.24030, 1.23360
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25340, with Take Profit of 1.25900 and Stop Loss of 1.25030
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24700, with Take Profit of 1.24030 and Stop Loss of 1.25030
Scenario
Recommendation
BUY STOP
Entry Point
1.25340
Take Profit
1.25900
Stop Loss
1.25030
Key Levels
1.26520, 1.25900, 1.25340, 1.24700, 1.24030, 1.23360
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.24700
Take Profit
1.24030
Stop Loss
1.25030