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To open long positions for GBP / USD, you need:
Buyers managed to make a false breakdown at 1.3592, but there is no serious demand for the British pound. As long as the trade is above this range, you can count on the growth and breakthrough of resistance 1.3646, which will bring GBP / USD already to the larger levels around 1.3697 and 1.3755, where I recommend fixing the profits. In the event of a further drop in the pound, purchases can be sought after upgrading the support level of 1.3498 and 1.3459.
To open short positions for GBP / USD, you need:
A return to the support level of 1.3592 could lead to a new wave of GBP / USD sales to 1.3543 area, consolidation below which will lead to the renewal of new lows around 1.3498 and 1.3459, where I recommend fixing the profits. In the case of growth above 1.3646, short positions in the pound are best sought after the 1.3697 test, or on a rebound from 1.3755.
Description of indicatorsMA (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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