GBP / USD pair: plan for the US session on November 26. The pound is gradually recovering per Brexit deal
November 26, 2018 3:22 pm
To open long positions on the GBP / USD pair, you need:
Follow the morning plan, buyers plan to update the upper limit of the side channel 1.2886 to get beyond this area will not be so easy. A breakthrough of 1.2886 requires a good informational occasion and preferably associated with Brexit, which will open the way to the highs of 1.2962 and 1.3040. In the case of a decrease in the pound in the second half of the day, long positions can return to the false breakdown from the lower border of the channel 1.2800 or to rebound from the low of 1.2723.
To open short positions on the GBP / USD pair, you need:
The bears will manifest themselves after updating the resistance of 1.2886 but the main task for the second half of the day will be a decline to the support area of 1.2800 and consolidation under it. This will keep the downward potential in GBP / USD and lead to a minimum of 1.2723 and 1.2663, where I recommend to fix profits. In the case of growth above 1.2886, it is best to pay attention to sales of the pound after testing the maximum of 1.2962.
Indicator signals:
Moving averages
Trade is conducted in the area of 30- and 50-day moving averages, 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
To open long positions on the GBP / USD pair, you need:
Follow the morning plan, buyers plan to update the upper limit of the side channel 1.2886 to get beyond this area will not be so easy. A breakthrough of 1.2886 requires a good informational occasion and preferably associated with Brexit, which will open the way to the highs of 1.2962 and 1.3040. In the case of a decrease in the pound in the second half of the day, long positions can return to the false breakdown from the lower border of the channel 1.2800 or to rebound from the low of 1.2723.
To open short positions on the GBP / USD pair, you need:
The bears will manifest themselves after updating the resistance of 1.2886 but the main task for the second half of the day will be a decline to the support area of 1.2800 and consolidation under it. This will keep the downward potential in GBP / USD and lead to a minimum of 1.2723 and 1.2663, where I recommend to fix profits. In the case of growth above 1.2886, it is best to pay attention to sales of the pound after testing the maximum of 1.2962.
Indicator signals:
Moving averages
Trade is conducted in the area of 30- and 50-day moving averages, 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
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