To open long positions for GBP / USD, it is required:
Buying the pound is best after fixing at the level of resistance at 1.3965. Above this level, the areas 1.4020 and 1.4078 open, where it is recommended to lock in profits. If the pound declines in the second half of the day, the level of 1.3892 should again give a good support, from which the expected upward turn of the market occurred today. When it breaks down, buying the GBP / USD pair is best on a rebound from the support level of 1.3845.
To open short positions for GBP / USD, it is required:
In case of false breakdown at 1.3965 and a return to it in the afternoon, you can again count on the GBP / USD decline in the support area of 1.3892 with the key goal of upgrading the level of 1.3845. In case of growth above the level of 1.3965, selling is best in the areas of 1.4020 and 1.4078.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
