To open long positions on GBP/USD it is required:
The pound climbed to the morning resistance levels, but the main target of buyers today is the area of 1.3418, where it is recommended recording profits. In case of GBP/USD decline in the second half of the day, new buying can be considered when forming a false breakout in the area of 1.3349 or on a rebound from 1.3308.
To open short positions on GBP/USD it is required:
Considering short positions in GBP/USD is best for a rebound from resistance 1.3418, and the main task of sellers for the afternoon will be the pair's return to the morning lows area, to the support of 1.3349.
Description of indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
