To open long positions on GBP/USD it is required:
Buyers of the pound need to return to support level 1.3368. Only after that can you count on the repeated wave of GBP/USD rise with the exit to the middle of the channel 1.3399, and then on the daily highs in the area of 1.3437, where it is recommended recording the profit. In the event of a further decline in the pound, one can return to buying on a false breakout from 1.3333 or on a rebound from 1.3302.
To open short positions on GBP/USD it is required:
While the trade is below 1.3368, the pressure on the pound will remain, which could lead to the renewal of the new low around 1.3333, and then to a larger support level of 1.3302, where it is recommended recording profits. In the case of growth above 1.3368 in the afternoon, selling GBP/USD can be resumed on a rebound from 1.3399.
Description of indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
