Technical analysis GBPUSD for 03.05.2022
The Tenkan-sen line is located above 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 support is the level 1.24500. The closest resistance is the level 1.25800
Key levels
- 1.27775, 1.26800, 1.25800, 1.24500, 1.23400, 1.22425
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.25800, with Take Profit of 1.24500 and Stop Loss of 1.26800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.26800, with Take Profit of 1.27775 and Stop Loss of 1.26100