For Traders

Analytical Reviews

Trading plan

11.06.201823:18 Forex Analysis & Reviews: Trading plan for the US session on June 11 for the GBP/USD

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

To open long positions on GBP/USD it is required:

Buyers of the pound need to return to support level 1.3368. Only after that can you count on the repeated wave of GBP/USD rise with the exit to the middle of the channel 1.3399, and then on the daily highs in the area of 1.3437, where it is recommended recording the profit. In the event of a further decline in the pound, one can return to buying on a false breakout from 1.3333 or on a rebound from 1.3302.

To open short positions on GBP/USD it is required:

While the trade is below 1.3368, the pressure on the pound will remain, which could lead to the renewal of the new low around 1.3333, and then to a larger support level of 1.3302, where it is recommended recording profits. In the case of growth above 1.3368 in the afternoon, selling GBP/USD can be resumed on a rebound from 1.3399.

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

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.