GBP / USD
To open long positions for GBP / USD, you need:
The formation of a false breakout in the support area of 1.3735 occurred, however, there is no serious demand for the British pound. While trading is above the level of 1.3735, one can expect an upward correction to 1.3776 area with resistance update to 1.3831, where I recommend fixing the profit. In the case of a breakout of 1.3735, consider long positions best for a rebound of 1.3648.
To open short positions for GBP / USD, you need:
A repeat test of 1.3735 will lead to a further drop in the British pound with the main purpose of updating support at 1.3707 and the level of monthly lows around 1.3648, where I recommend fixing profits. In case of a pound's increase, sales can be viewed after an unsuccessful breakdown of 1.3776 or open short positions immediately at a rebound of 1.3831.
Indicators
MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
