Technical analysis GBPUSD for 29.08.2023
The Tenkan-sen line is located below 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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.27520. The closest support is the level 1.24560

Key levels
- 1.31320, 1.29410, 1.27520, 1.24560, 1.23060
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27520, with Take Profit of 1.29410 and Stop Loss of 1.26060
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.24560, with Take Profit of 1.23060 and Stop Loss of 1.26060