Technical analysis GBPUSD for 22.11.2024

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 is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.255. The closest resistance is the level 1.261

Key levels

1.252, 1.255, 1.261, 1.264, 1.267

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.255, with Take Profit of 1.267 and Stop Loss of 1.252

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.264, with Take Profit of 1.252 and Stop Loss of 1.267