Trading plan for the US session on May 28 GBP/USD
May 29, 2018 12:21 amVideo
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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
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