Technical analysis EURGBP for 17.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.84400. The closest support is the level 0.83680

Key levels
- 0.85120, 0.84770, 0.84400, 0.83680, 0.83300, 0.82920
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.84400, with Take Profit of 0.84770 and Stop Loss of 0.84000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.83680, with Take Profit of 0.83300 and Stop Loss of 0.84000