Technical analysis EURGBP for 25.05.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.86875. The closest resistance is the level 0.87025

Key levels
- 0.87325, 0.87175, 0.87025, 0.86875, 0.86700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86875, with Take Profit of 0.86700 and Stop Loss of 0.87025
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87025, with Take Profit of 0.87175 and Stop Loss of 0.86875