To open long positions for GBP/USD, it is required:
Buyers are trying to keep the support level at 1.3490, and the formation of a false breakdown on it will be the first signal to open long positions in the pound, based on a return to the middle of the 1.3562 channel, where I recommend locking in profits. In the event of a breakout of 1.3490, you can buy the GBP/USD after upgrading support at 1.3459 and 1.3429.
To open short positions for GBP/USD, it is required:
A break and consolidation below the support at 1.3490 in the afternoon will lead to a new wave of short positions in the pound for the purpose of testing the lows around 1.3459 and 1.3429. The main target will be the area of 1.3400, where I recommend locking in profits. In the event of an unsuccessful breakout of support for 1.3490, sales are best returned to a rebound of 1.3562.
Indicator description
Moving Average (average sliding) 50 days – yellow
Moving Average (average sliding) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
The material has been provided by InstaForex Company – www.instaforex.com
To open long positions for GBP/USD, it is required:
Buyers are trying to keep the support level at 1.3490, and the formation of a false breakdown on it will be the first signal to open long positions in the pound, based on a return to the middle of the 1.3562 channel, where I recommend locking in profits. In the event of a breakout of 1.3490, you can buy the GBP/USD after upgrading support at 1.3459 and 1.3429.
To open short positions for GBP/USD, it is required:
A break and consolidation below the support at 1.3490 in the afternoon will lead to a new wave of short positions in the pound for the purpose of testing the lows around 1.3459 and 1.3429. The main target will be the area of 1.3400, where I recommend locking in profits. In the event of an unsuccessful breakout of support for 1.3490, sales are best returned to a rebound of 1.3562.
Indicator description
The material has been provided by InstaForex Company – www.instaforex.com
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