Technical analysis GBPUSD for 15.06.2022
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 resistance is the level 1.20720. The closest support is the level 1.19630
Key levels
- 1.21580, 1.21210, 1.20720, 1.19630, 1.19070, 1.18510
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.20720, with Take Profit of 1.21210 and Stop Loss of 1.20250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.19630, with Take Profit of 1.19070 and Stop Loss of 1.20250