empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

23.08.201809:01 Forex Analysis & Reviews: Trading plan for the European session on August 22 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 for GBP / USD, you need:

New long positions are best to open after the pound is reduced to the support area of 1.2875 or immediately to a rebound from the level of 1.2845. The main goal of buyers will be to update the weekly maximum of 1.2943, where I recommend fixing the profits.

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

It is best to consider short positions in the pound after updating the resistance in the area of 1.2943 or after returning and fixing under the large support level of 1.2875, which will lead to a more serious pressure with a return to 1.2845. The main goal of the sellers will be a minimum of 1.2814, where I recommend fixing the profits.

Exchange Rates 23.08.2018 analysis

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

Miroslaw Bawulski
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off