To open long positions for GBP / USD, you need:
Opening long positions in the GBP / USD pair is best only after returning and consolidating at the resistance level 1.4014. The growth from this level will easily return the pair to the areas of 1.4066 and 1.4094, where it is recommended to lock in profits. In case of a pound drop in the morning, opening new long positions is best after the test at the level of 1.3922 or on a rebound from the level of 1.3875.
To open short positions for GBP / USD, you need:
While the trade is below the level of 1.4014, the pressure on the British pound will remain. This may lead to a repeat support test at the level of 1.3971. The consolidation below this level will increase pressure on the pound and lead to its sale in the area of 1.3922 and 1.3875. If the pound is higher than the resistance level of 1.4014, it is best to go back to a rebound from 1.4066 and sell.
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
