GBP / USD
To open long positions for GBP / USD, you need:
While trading is above the level of 1.3993, you can count on an attempt to break through and consolidate at the level 1.4028. From this level, buyers can open to new highs in the areas of 1.4070 and 1.4129. In case of a return to the level of 1.3993, opening long positions in GBP / USD is best considered immediately on the rebound from 1.3938.
To open short positions for GBP / USD, you need:
The formation of a false breakout at the level of 1.4028 will be the first signal for opening short positions in the pound. A breakthrough and a consolidation below the level of 1.3993 will lead to a further drop in the British pound with the main purpose of updating to the support area of 1.3938, where it is recommended to lock in profits. If the GBP / USD pair rises above the level of 1.4028 in the morning, it is recommended to return to sales only on a rebound from the level of 1.4070.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
