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To open long positions for GBP / USD, you need:
Pound buyers managed to cope with the morning resistance level of 1.3103, which I drew attention to in my review, and now, their main task is to update the last week's high near 1.3141. Bonding above this level will lead to the demolition of sellers' stop orders and a new upward wave in GBP / USD, with a test of highs in the area of 1.3124 and 1.3263, where I recommend fixing the profits. In the case of a pound drop in the afternoon, support will come from the middle of the channel of 1.3103, and otherwise, the pound can be immediately rebounded from the low of 1.3070.
To open short positions for GBP / USD, you need:
In the afternoon, the sellers of the pound will have the task of returning to the support level of 1.3103, which they missed in the European session. But before that, they need to cope with the pressure of buyers who try to get above the high of 1.3141. Forming a false breakdown on it will be a good signal for sales. In the case of growth above 1.3141, consider the new short positions for the pound is best for a rebound of 1.3214.
Indicator signals:
Despite the fact that the price is above 30 and 50-day moving averages, the signal for the sale of the pound is still preserved.
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
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