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16.06.201801:45 Forex Analysis & Reviews: Trading plan for the US session on June 15 for the GBP/USD

Long-term review

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

Buyers completed the installation for the first half of the day and are now trying to break above the resistance of 1.3289, which will not be so easy. Only a consolidation on this range in the second half of the day will allow us to count on further upward correction to the area of 1.3315 and 1.3346, where it is recommended to take profits. In the case of a decline in the pound, you can return to buying on a rebound from 1.3249 and 1.3213.

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

The formation of a false breakout and a return to level 1.3289 will be a good signal for the opening of short positions in the pound with a view to reducing the support level of 1.3249 to the morning level and breaking it, with a further test of the low of the week at 1.3213, where it is recommended to take profits. In the case of growth above 1.3289, selling can be searched from the level of 1.3315 and on a rebound from 1.3346.

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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