To open long positions for GBP / USD, you need:
Opening long positions in GBP / USD is best after the update to the intermediate support level of 1.4208 and the formation of a false breakout on it. This will open the opportunity to re-update the weekly highs to around the level of 1.4255. Fastening at this level will lead to a larger upward trend in the pound with a yield of 1.4294 and 1.4341.
To open short positions for GBP / USD, you need:
The formation of a false breakout at the level of 1.4255 and a return to it in the morning will be a good signal for opening short positions in the GBP / USD. The main goal is to return to 1.4208 and lock below this range, which can lead to a stronger sale with the update to the area of 1.4171 and 1.4143.
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
