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30.04.201814:16 Forex Analysis & Reviews: Trading plan for the US session on April 30 GBP / USD

Long-term review

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

Buyers managed to stop the downward trend at the support level of 1.3717, but there is no serious demand for the pound. In the case of a breakout of 1.3717, it is best to consider new long positions after the update of the new monthly minimum in the area of 1.3648 and 1.3613. The goal of buyers by the end of the day will be a return and consolidation at the level of 1.3758.

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

A repeat support test of 1.3717 will lead to the further sale of the British pound with the update of new monthly lows around 1.3648 and 1.3613, where I recommend fixing profits. In case of pound growth in the second half of the day, consider short positions can be after an unsuccessful fastening to 1.3758, or to a rebound from 1.3802.

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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