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11.04.201801:57 Forex Analysis & Reviews: Trading plan for the US session on April 10 GBP / USD

Long-term review

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To open long positions for GBP / USD, you need:

Buyers need to climb above the level of 1.4180. This will maintain a good upward momentum and lead to the upgrade to the area of 1.4210 and 1.4239. If the pound declines in the second half of the day under the level of 1.4153, opening long positions is best on a rebound from the level of 1.4121.

To open short positions for GBP / USD, you need:

A repeated unsuccessful attempt to climb above the level of 1.4180 with a return to this level will be the first signal for opening short positions in the GBP / USD with a goal to reduce to the area of intermediate support level at 1.4153. A breakthrough at this level will pressure the pound to morning lows in the area of 1.4121. With a growth option above the level of 1.4180, selling the pound is best after the update to the areas of 1.4210 and 1.4239.

Indicator description

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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