07.06.201822:51 Forex Analysis & Reviews: Trading plan for the US session on June 7 for the GBP/USD

To open long positions on GBP/USD it is required:

Buyers of the pound need to return to the morning resistance level 1.3439. Only after that it will be possible to count on a repeated wave of growth of GBP/USD with an exit to new monthly highs of 1.3487 and 1.3523. If the pound is down in the second half of the day, support can be sought after another false breakdown in the area of 1.3386 or a rebound from 1.3336.

To open short positions for GBP/USD it is required:

Forming a false breakout and returning the pound to 1.3439 in the afternoon will be a good signal for short positions with a repeat morning support test of 1.3386. In case of growth above 1.3439, short positions can be returned immediately on a rebound from 1.3487 and 1.3523.

Description of indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20