To open long positions for GBP/USD, it is required:
Buyers continue to perform the morning installation in order to update the resistance of 1.4139. A real consolidation above this range will open the way to 1.4177 and 1.4205. In the event of an unsuccessful breakdown of 1.4139, purchases can be returned only after a re-decline to the area of 1.4084 or to a rebound of 1.4048.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return below 1.4139 will be the first signal for the opening of short positions in GBP/USD with the first goal of a decline towards the support of 1.4084 and the main purpose of updating the level of 1.4048. In case of growth above 1.4139, you can sell the pound for a rebound from 1.4177.
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
