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24.04.201823:52 Forex Analysis & Reviews: Trading plan for the US session on April 24 GBP / USD

Long-term review

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

Buyers have fulfilled the support level of 1.3922 in the first half of the day, and now all attention is on the break and consolidation above 1.3974, which will lead to the continuation of the upward correction in the pound to the area of new resistance 1.4024 and 1.4078, where I recommend fixing the profit. In the case of a re-descending to the area of 1.3922, it is best to count on purchases after the test of 1.3875 and 1.3842.

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

Only the formation of a false breakout and a return to the resistance level of 1.3974 will be the first signal for the opening of short positions in the pound. The main purpose of which will be the descent and a repeat support test of 1.3922, the breakthrough of which will lead to a sale to the area of lows of 1.3875 and 1.3842. In the case of growth above 1.3974, I recommend that you pay attention to the sale of the pound when updating the resistance of 1.4024.

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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