To open long positions for GBP / USD, you need:
Buying the pound is best after the return and consolidation at the resistance level of 1.3980 which will open the areas of 1.4024 and 1.4078, where it is recommended to lock in profits. In case of a drop in the pound in the morning, good support should be provided by the level of 1.3939. When it breaks down, buying the GBP / USD pair is best after the test at the area of 1.3906 and 1.3875.
To open short positions for GBP / USD, you need:
While the trade is below the level of 1.3980, the pressure on the pound will be maintained and the break and consolidation below the support level of 1.3939 will lead to a new wave of sales in GBP / USD with a yield for the weekly lows of 1.3906 and 1.3875, where it is recommended to lock in profits. In case of growth above the level of 1.3980, opening short positions in the pound is best in the area of 1.4024 or on a rebound from 1.4078.
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
