Trading plan for the US session on May 28 GBP/USD
May 29, 2018 12:21 amVideo
Latest News
- Analysis of GBP/USD pair on June 4, 2024 June 4, 2024
- Trading Signal for SILVER (XAG/USD) for June 4-6, 2024: buy above $29.29 (6/8 Murray – 200 EMA) June 4, 2024
- Trading Signal for GOLD (XAU/USD) for June 4-6, buy above $2,337 (21 SMA – 200 EMA) June 4, 2024
- USD/JPY: yen celebrating its triumph June 4, 2024
- Is the equity market headed for a summer rally? – Stock Markets June 4, 2024
- USD/JPY: Simple trading tips for beginner traders on June 4th (US session) June 4, 2024
- GBP/USD: Simple trading tips for beginner traders on June 4th (US Session) June 4, 2024
- Technical Analysis – WTI tumbles below key support of 76.50 June 4, 2024
- EUR/USD: Simple trading tips for beginner traders on June 4th (US Session) June 4, 2024
- GBP/USD: trading plan for the US session on June 4th (analysis of morning deals). The buyers of the pound failed to offer June 4, 2024
- EUR/USD: trading plan for the US session on June 4th (analysis of morning deals). Pressure on the euro gradually returns June 4, 2024
- USD/JPY: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- GBP/USD: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- Technical Analysis – USDJPY plunges below uptrend line June 4, 2024
- EUR/USD: Simple trading tips for beginner traders on June 4th. Review of yesterday’s forex trades June 4, 2024
- Will Canadian employment report shake the market after BoC decision? – Preview June 4, 2024
- EUR/USD. June 4th. Chance favored the bulls again June 4, 2024
- Forecast of GBP/USD pair on June 4, 2024 June 4, 2024
- Volatility ticks up in commodity and stock markets – Volatility Watch June 4, 2024
- Market Comment – Market craves for weaker US data June 4, 2024
To open long positions for GBP/USD, it is required:
Buyers have not managed to get above the resistance of 1.3340 in the first half of the day, and now it would be best to consider new long positions in the pound after updating the monthly lows in the support area of 1.3294, or immediately on the rebound from 1.3267. A retest of the resistance of 1.3340 may lead to its breakdown and growth in the area of 1.3374.
To open short positions for GBP/USD, it is required:
As long as the trade is below 1.3340, the pressure on the GBP/USD will continue, which may lead to a retest of the monthly low at 1.3294 with support for 1.3267 and 1.3224, where I recommend profit taking. In case of growth above 1.3340, you can sell the pound for a rebound from 1.3374.
Indicator description
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: