To open long positions for GBP/USD, it is required:
Buyers hold the support level at 1.3146, but their main goal is to return and consolidate above 1.3182, from which one can expect an upward correction to the area of 1.3225, where I recommend locking in the profit. In the event of a breakdown of 1.3146 in the afternoon, long positions in the GBP/USD pair are best sought in the area of 1.3104 and 1.3077.
To open short positions for GBP/USD, it is required:
In the second half of the day, sellers will try to consolidate below the support of 1.3146, which will lead to the formation of a new downward wave to the area of 1.3104 and 1.3077, where I recommend profit taking. In the event of an increase in the resistance of 1.3182, sales of the pound can be returned to the rebound from 1.3225 and 1.3269.
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
