Technical analysis GBPUSD for 17.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.31800. The closest resistance is the level 1.32300

Key levels

• 1.32600, 1.32300, 1.31800, 1.31500, 1.31000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.31800, with Take Profit of 1.32300 and Stop Loss of 1.31500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.31500, with Take Profit of 1.31000 and Stop Loss of 1.31800