To open long positions for GBP/USD, it is required:
Buyers of the pound will try to keep the level of 1.3242, but in the event of its breakthrough, it is best to return to long positions after the formation of a false breakout in the area of 1.3213 or a rebound from 1.3146. The main goal will be to consolidate above the resistance of 1.3271 with the test area of 1.3308, where I recommend to lock in the profit.
To open short positions for GBP/USD, it is required:
Sellers will try to gain a foothold below the support of 1.3242, which will lead to the formation of a new downward wave in the area of 1.3213 and 1.3146, where I recommend to lock in profit. In the event of a rise in the resistance of 1.3271 in the morning, sales of the pound can be returned to the rebound from 1.3308 and 1.3346.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
