You are here: Home > articles > Forex > GBP / USD: plan for the European session on September 25. The growth potential of the pound is limited
GBP / USD: plan for the European session on September 25. The growth potential of the pound is limited
September 25, 2018 5:22 pmVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
To open long positions for GBP / USD, you need:
Buyers showed themselves in the support area of 1.3098, which I paid attention to in my review yesterday. While the trade is going above this range, demand for the pound will remain, and the first goal will be the highs of yesterday’s 1.3164, where I recommend fixing the profits. Its breakthrough will open a direct road to the resistance area of 1.3215. In the case of GBP / USD decline today, under the support area of 1.3098, you can return to purchases only for a rebound from the low of 1.3036.
To open short positions for GBP / USD, you need:
Today, the sellers will try returning to the support area of 1.3098, which will lead to the formation of a new downward wave and the renewal of weekly lows around 1.3036 and 1.2981, where I recommend fixing the profits. In the case of another attempt by buyers to return to the market, short positions in the pound can be returned on a false break from the maximum of 1.3164 or on a rebound from 1.3215. Any news on Brexit can lead to a sharp market movement, so do not forget about the arrangement of stop orders.
Indicator signals:
Moving Averages
The 30-day moving average and the 50-day average are directed downward. Return prices under the average sliding will lead to a new formation of a downward trend in the pound.
Bollinger Bands
Volatility fell sharply. Breaking the lower boundary of the bands around 1.3098 will lead to the formation of a new downward wave in the pound.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 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: