Technical analysis GBPCAD for 12.09.2022
The Tenkan-sen line is located below 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 adjusted to the Kijun-sen line. The closest resistance is the level 1.51810. The closest support is the level 1.50580

Key levels
- 1.53000, 1.52410, 1.51810, 1.50580, 1.49800, 1.49030
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.51810, with Take Profit of 1.52410 and Stop Loss of 1.51250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.50580, with Take Profit of 1.49800 and Stop Loss of 1.51250