GBP / USD
To open long positions for GBP / USD, you need:
Trade continues to move in the side channel. As indicated in the morning forecast, the purchase of the pound may continue after a renewal and a false breakout in the 1.3853 support area. Otherwise, it is best to open long positions for a rebound from the levels 1.3817 and 1.3765.
To open short positions for GBP / USD, you need:
A series of test at 1.3853 could lead to a larger sellout of GBP / USD pair, with the target of updating the 1.3817 zone and the main point of exit at 1.3765, where it is recommended to fix profit. If the pound will grow in the afternoon, short positions can be expected after the renewal of 1.3910.
Indicators description
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
* The presented market analysis is informative and does not constitute a guide to the transaction.
