Technical analysis GBPUSD for 25.11.2024

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 is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.253. The closest resistance is the level 1.250

Key levels

1.258, 1.256, 1.253, 1.250, 1.248

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.250, with Take Profit of 1.258 and Stop Loss of 1.248

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.256, with Take Profit of 1.248 and Stop Loss of 1.258