Technical analysis GBPUSD for 21.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.3210. The closest resistance is the level 1.3242
Key levels
- 1.3370, 1.3320, 1.3288, 1.3265, 1.3242, 1.3210, 1.3186, 1.3210, 1.3186, 1.3161,1.3135
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3242, with Take Profit of 1.3210 and Stop Loss of 1.3265
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3210, with Take Profit of 1.3161 and Stop Loss of 1.3230