You are here: Home > articles > Forex > GBP / USD pair: plan for the American session on January 10. Little interest from traders in the British pound
GBP / USD pair: plan for the American session on January 10. Little interest from traders in the British pound
January 10, 2019 2:21 pmVideo
Latest News
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
- Technical Analysis – AUDUSD bullish tendency in doubt May 31, 2024
- USD/JPY: trading tips for beginners for European session on May 31 May 31, 2024
- GBP/USD: trading tips for beginners for European session on May 31 May 31, 2024
- EUR/USD: trading tips for beginners for European session on May 31 May 31, 2024
- Video market update for May 31, 2024 May 31, 2024
- Trading plan for GBP/USD on May 31. Simple tips for beginners May 31, 2024
- Trading plan for EUR/USD on May 31. Simple tips for beginners May 31, 2024
- Nasdaq red flags: Salesforce drops index 1% May 31, 2024
- Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 31 2024. May 31, 2024
To open long positions on the GBP / USD pair, you need:
Buyers could not keep the price above the support of 1.2753 in the first half of the day, although there were preconditions for further growth. At the moment, only a confident return above the level of 1.2753 will return the chance to continue the upward trend, which will lead to the test of resistance 1.2798. Only after such a scenario will it be possible to count on updating the highs of 1.2868 and 1.2929, where I recommend taking profits. In the case of a decrease in the pound in the second half of the day, it is best to consider long positions to rebound from the lows of 1.2708 and 1.2658.
To open short positions on the GBP / USD pair, you need:
As long as trading is below 1.2753, one can count on a further decline in the pound. A breakdown of support at 1.2708 will lead to a rapid decline in GBP / USD to the lows of 1.2658 and 1.2614, where I recommend taking profits. Positive news on Brexit from the UK Parliament could lead to a sharp increase in the pound. In this scenario, short positions can be opened after the highs of 1.2868 and 1.2929 are updated.
Indicator signals:
Moving averages
Trade is conducted in the area of 30-day and 50-day moving, which indicates the lateral nature of the market.
Bollinger bands
The upside potential of the pound is limited by the upper limit of the channel indicator Bollinger Bands around 1.2815.
More in the video forecast for January 10
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
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: