Technical analysis GBPUSD for 04.03.2022
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.31900. The closest resistance is the level 1.32850
Key levels
- 1.36850, 1.36050, 1.35050, 1.34350, 1.33700, 1.32850, 1.31900, 1.31050
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.32850, with Take Profit of 1.31900 and Stop Loss of 1.33700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33700, with Take Profit of 1.34350 and Stop Loss of 1.33260