Technical analysis GBPUSD for 04.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
- 1.3690, 1.3595, 1.3545, 1.3495, 1.3435, 1.3335, 1.3380, 1.3330, 1.3275, 1.3225, 1.3170
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.3495, with Take Profit of 1.3435 and Stop Loss of 1.3545
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.3380, with Take Profit of 1.3435 and Stop Loss of 1.3330