For Traders

Analytical Reviews

Trading plan

14.04.201805:01 Forex Analysis & Reviews: Trading plan for the US session on April 13 GBP/USD

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

To open long positions for GBP/USD, it is required:

Buyers worked the morning situation in the resistance area of 1.4294, which was formed after the breakdown of 1.4255. At the moment, their goal is to keep the support at 1.4255, and a second return to 1.4294 can form a new upward wave in the GBP/USD with an exit to the highs around 1.4341 and 1.4402, where I recommend locking in the profit.

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

Sellers carry out a resistance of 1.4294, and while the trade is below this range, you can expect a return to 1.4255. A consolidation below this range will quickly return the GBP/USD to the lows of the day in the area of 1.4208, where I recommend locking in the profit. In case of growth above 1.4292, you can again return to a rebound from 1.4341.

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

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.