To open long positions on GBP / USD, you need:
The British pound remained to bargain in the side channel with the prospect of further growth after Prime Minister of Great Britain Theresa May managed to keep her post after the next vote due to a no-confidence vote. Purchases of GBP / USD today can be seen after the formation of a false breakdown in the area of 1.2812 or a rebound from the support of 1.2743. However, the main task remains a breakthrough above the resistance of 1.2880-90, which will resume the uptrend and will reach the highs of 1.2964 and 1.3016.
To open short positions on GBP / USD, you need:
An unsuccessful consolidation above the resistance of 1.28800-90 will be the first signal for opening short positions in the pound, but the main task will be the breakdown and consolidation under support of 1.2812, which will collapse GBP / USD to the minimum area of 1.2743 and 1.2672, where I recommend fixing the profit. In the case of a further uptrend, it is best to consider short positions from the new highs of 1.2964 and 1.3016.
Indicator signals:
Moving Averages
Trade is conducted inthe area of 30-day and 50-day moving, which indicates the uncertain nature of the market.
Bollinger bands
Volling Bollinger Bands is very low, which does not give signals to enter the market.
Description of indicators
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
