To open long positions for GBP / USD pair, you need:
The situation of the pound has not changed. An upward correction for the pound can only be considered after consolidation at the level of 1.4057, which will lead to a larger increase in the resistance area of 1.4114, where fixing profits are recommended. If the pound drops below the support level of 1.4014 in the first half of the day, you can rely on purchases to rebound from the levels of 1.3971 and 1.3922.
To open short positions for GBP / USD pair, you need:
The formation of a false breakout and a return to the level of 1.4057 will point to another sellout in the GBP / USD pair, which will allow the pound to reach new weekly lows at 1.3971 and 1.3922. In the case of growth above 1.4057 in the morning, the British currency can be sold on the rebound from 1.4114.
Indicators' description:
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
