Technical analysis GBPUSD for 11.10.2024
11.10.2024 03:46
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
- 1.29547, 1.30311, 1.30928, 1.31310, 1.31817
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.30311, with Take Profit of 1.31310 and Stop Loss of 1.29547
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.30928, with Take Profit of 1.29547 and Stop Loss of 1.31310
Scenario
Recommendation
BUY LIMIT
Entry Point
1.30311
Take Profit
1.31310
Stop Loss
1.29547
Key Levels
1.29547, 1.30311, 1.30928, 1.31310, 1.31817
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.30928
Take Profit
1.29547
Stop Loss
1.31310