Source: Forex Analysis
To open long positions for GBP / USD, you need:
The buyers managed to hold above the level of 1.3340, and now their next target is the daily high at 1.3383, the consolidation on which will lead to a new upward wave, with an exit to the resistance level of 1.3419, where I recommend fixing the profits. In the case of a pound drop in the afternoon, you can open long positions to rebound from the support level of 1.3306.
To open short positions for GBP / USD, you need:
The bears in the afternoon must return to the support level of 1.3340, which will lead to a larger sale and return to the area of minimums 1.3306, where I recommend fixing the profits. In the case of continued growth of GBP / USD, you can sell for a rebound from the resistance level of 1.3419.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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