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25.07.201814:51 Forex Analysis & Reviews: Trading plan for the US session on July 25 GBP / USD

Long-term review

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

While the trade is above the intermediate support of 1.3148, the demand for foot will remain, which could lead to a larger upward wave with the renewal of the week highs around 1.3203 and 1.3263, where I recommend fixing the profit. If the pound drops below the level of 1.3148 in the afternoon, consider the new long positions best on the test 1.3113 or on the rebound 1.3071.

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

The return to the support level of 1.3148 will lead to a larger sale to the area of 1.3113, and consolidation below this level will open the lows around 1.3071 and 1.3010, where I recommend fixing profits. In the case of further growth of the pound in the second half of the day, I advise selling only for a rebound from the resistance range of 1.3203 and 1.3263.

Description of 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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