To open long positions for GBP / USD, you need:
Buying the pound is best when forming a false breakout in the area of the morning support level of 1.3922, or only after updating the monthly monthly lows of 1.3875 and 1.3842. The aim of the buyers will be a return and a consolidation on the resistance level of 1.3974, which will open the opportunity to update the area of 1.4024, where it is recommended to lock in profits.
To open short positions for GBP / USD, you need:
The break and consolidation below the support level of 1.3922 will be a direct signal to open positions in the GBP / USD with the aim of reaching the new lows of 1.3875 and 1.3842, where it is recommended to lock in profits. If the pound is rising in the morning, sales are best sought from the resistance level of 1.3974, with a false breakout or on a rebound from 1.4024.
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
