GBP/NZD: ICHIMOKU INDICATORS ANALYSIS

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GBP/NZD: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationBUY
Entry Point2.0879
Take Profit2.1161
Stop Loss2.0792
Key Levels2.0840, 2.0930, 2.0787, 2.0957
GBP/NZD: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (2.0840). The closest resistance level is Tenkan-sen line (2.0930).


GBP/NZD: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (2.0787). The closest resistance level is Tenkan-sen line (2.0957).


It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (2.1161) line and Stop Loss at the level of Kijun-sen line (2.0792).


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