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25.05.201802:14 Forex Analysis & Reviews: Trading plan for the US session on May 24 GBP / USD

Long-term review

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

Buyers of the pound were fixed in the first half of the day above the resistance of 1.3389. While the trade is being conducted over this level, we can expect the growth to continue to the area of 1.3438, where it is recommended to lock in profits. In the event of a return to the support level of 1.3389 in the afternoon, buying is best only on a rebound of 1.3340.

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

Bears in the afternoon must return to the support level 1.3389. This will lead to a larger sale and return to the area of the lows of day at 1.3340, where it is recommended to lock in profits. In case of the continuation of GBP / USD growth, selling is best for a rebound of 1.3438.

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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