GBP/USD
To open long positions for GBP/USD, it is required:
Buyers reached 1.4070, where the predicted stoppage of traffic occurred. A retest of this area can lead to a new wave of growth with a peak update in the region of 1.4129. In case the pound drops in the afternoon, you can count on long positions for a rebound after a test of the support at 1.4012.
To open short positions for GBP/USD, it is required:
While the trade is below 1.4070, sellers will win back this level, but a strong movement downwards from it has not yet happened as of the moment, which can lead to its retest and a breakdown. In this case, opening short positions would be best done for a rebound from 1.4129. In the event of a decline in the pound from the level of 1.4070, I recommend locking in the profit after a test of a large daily support of 1.4012.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
