You are here: Home > articles > Forex > GBP / USD: plan for the European session on September 27. Pressure on the pound returns
GBP / USD: plan for the European session on September 27. Pressure on the pound returns
September 27, 2018 2:24 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:
Half a week, pound buyers tried to return to the market, but it seems that the pressure on the pound returns. It is best to consider long positions after consolidating above the resistance level of 1.3144, which will lead to a larger growth in the area of 1.3181, and a breakthrough and this resistance will allow to expect highs in the area of 1.3227 and 1.3269, where I recommend fixing the profits. In the event of a further decline in GBP / USD, support will be in the area of 1.3094, but it is best to buy immediately for a rebound from the new weekly low around 1.3036.
To open short positions for GBP / USD, you need:
A break below the level of 1.3144 is a signal to sell the pound, and while the trade will be conducted under this range, you can expect a further decline in GBP / USD with the renewal of lows around 1.3094 and 1.3036, where I recommend fixing the profits. In the case of growth above 1.3144 in the afternoon, a good level for sales will be the area of 1.3181. In another scenario, I recommend short positions in GBP / USD only to rebound from the high of 1.3227.
Indicator signals:
Moving Averages
Trade has moved under the moving average, and the breakout of the 30-day average of the 50-day average will confirm the trend change to the downward trend.
Bollinger Bands
Despite the pound’s decline, there is no surge in volatility in Bollinger Bands, which could lead to a return to the pound buyers market, provided that it is anchored above the channel’s midline, which is located at 1.3168.
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: