Technical analysis GBPUSD for 19.11.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.26755. The closest resistance is the level 1.26937
Key levels
1.26441, 1.26600, 1.26755, 1.26937, 1.27049
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.26755, with Take Profit of 1.27049 and Stop Loss of 1.26600
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.26937, with Take Profit of 1.26600 and Stop Loss of 1.27049