To open long positions for GBP/USD, it is required:
Buyers worked the morning situation in the resistance area of 1.4294, which was formed after the breakdown of 1.4255. At the moment, their goal is to keep the support at 1.4255, and a second return to 1.4294 can form a new upward wave in the GBP/USD with an exit to the highs around 1.4341 and 1.4402, where I recommend locking in the profit.
To open short positions for GBP/USD, it is required:
Sellers carry out a resistance of 1.4294, and while the trade is below this range, you can expect a return to 1.4255. A consolidation below this range will quickly return the GBP/USD to the lows of the day in the area of 1.4208, where I recommend locking in the profit. In case of growth above 1.4292, you can again return to a rebound from 1.4341.
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
