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20.04.201813:39 Forex Analysis & Reviews: Trading plan for the US session on April 20 GBP / USD

Long-term review

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

The buyers of the pound kept the level at 1.4042, and now it is necessary to return to resistance level of 1.4081, which will be a good signal for the opening of long positions, with the aim of correction in the area of 1.4127 and 1.4186. In the case of a decline below 1.4042 in the afternoon, consider buying a new pound after upgrading support 1.4004, or at a rebound of 1.3951.

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

Consider new sales of the pound best after an unsuccessful fastening at resistance level 1.4081, or sell immediately for a rebound from 1.4127. If GBP / USD declines in the afternoon to support 1.4042, we can expect pressure to remain on the pound, which will lead to new lows in the 1.4004 area.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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