Technical analysis GBPUSD for 08.01.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.27750. The closest support is the level 1.27110

Key levels
- 1.28600, 1.28140, 1.27750, 1.27110, 1.26680, 1.26250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27750, with Take Profit of 1.28140 and Stop Loss of 1.27350
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27110, with Take Profit of 1.26680 and Stop Loss of 1.27350