Technical analysis GBPAUD for 20.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.77430. The closest support is the level 1.75940
Key levels
- 1.79190, 1.78170, 1.77430, 1.75940, 1.75390, 1.74450
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.77430, with Take Profit of 1.78170 and Stop Loss of 1.76650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.75940, with Take Profit of 1.75390 and Stop Loss of 1.76650