Technical analysis GBPUSD for 12.11.2024

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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.27032. The closest resistance is the level 1.27652

Key levels

1.26613, 1.27032, 1.27652, 1.28071, 1.28400

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.27652, with Take Profit of 1.28400 and Stop Loss of 1.27032

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.27032, with Take Profit of 1.26613 and Stop Loss of 1.27652