You are here: Home > articles > Forex > GBP / USD pair: plan for the American session on November 20. The pound remains in the side channel
GBP / USD pair: plan for the American session on November 20. The pound remains in the side channel
November 20, 2018 4:21 pmVideo
Latest News
- Analysis of EUR/USD pair on May 24, 2024 May 24, 2024
- Analysis of GBP/USD pair on May 24th. Another British report showed weakness, but who cares? May 24, 2024
- USD/JPY: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- GBP/USD: Simple trading tips for novice traders on May 24th (US session) May 24, 2024
- EUR/USD: Simple trading tips for novice traders for May 24th (US session) May 24, 2024
- GBP/USD: trading plan for the US session on May 24th (analysis of morning deals). Sellers missed 1.2700 May 24, 2024
- EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up May 24, 2024
- EUR/USD. May 24th. The bears are starting to go on the offensive May 24, 2024
- Forecast of GBP/USD pair on May 24, 2024 May 24, 2024
- Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA – 21 SMA) May 24, 2024
- Trading Signals for GOLD (XAU/USD) for May 24-28, 2024: buy above $2,333 (200 EMA – oversold) May 24, 2024
- Weekly Forex Outlook: 24/05/2024 – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – Is the pause in NGAS a warning signal? May 24, 2024
- Technical Analysis – USDCAD eases slightly after bullish rally May 24, 2024
- Week Ahead – US PCE inflation and Eurozone CPI data enter the spotlight May 24, 2024
- Technical Analysis – GBPJPY continues its journey north May 24, 2024
- Video market update for May 24, 2024 May 24, 2024
- Forex forecast 05/24/2024: EUR/USD, GBP/USD, USD/CAD, Gold and Bitcoin from Sebastian Seliga May 24, 2024
- USD/JPY: trading tips for beginners for European session on May 24 May 24, 2024
- GBP/USD: trading tips for beginners for European session on May 24 May 24, 2024
To open long positions on GBP / USD you need:
The bears did not allow the pound buyers to break through the resistance level of 1.2877, which I talked about in more detail in my morning review. At the moment, the challenge is still the breakthrough of 1.2877, which will open a direct road to the area of maximum 1.2962, where I recommend taking profits. In the case of a decrease in the pound in the second half of the day, support is expected at the level of 1.2799. However, it is best to open long positions immediately on the rebound from the low of 1.2725.
To open short positions on GBP / USD you need:
Failure to consolidate above the resistance of 1.2877 led to the sale of the British pound, which I spoke about in my morning forecast. A decline and breakdown of support at 1.2799, where the GBP/USD pair is currently aiming, will lead to a larger sale of testing 1.2725 and 1.2662 minimum, where I recommend taking profits. In the case of positive news on Brexit, a break of 1.2877 will lead to an increase in pounds. In such a scenario, it is best to open short positions to rebound from the highs of 1.2962 and 1.3039.
Indicator signals:
Moving averages
Trade is conducted in the 30- and 50-day average, which indicates the lateral nature of the market.
Bollinger bands
The Bollinger Bands indicator indicates a decrease in volatility and does not give signals on market entry.
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: