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To open long positions for GBP / USD, you need:
Buyers coped with the task of returning and consolidating at the resistance level of 1.3092, which I paid attention to in my morning review, and now, their main goal is the area of 1.3151, the breakthrough of which will lead to a larger upward trend in GBP / USD, already with the renewal of the high 1.3215, where I recommend fixing the profits. If the pound is lowered in the afternoon, the support will be in the area of 1.3092.
To open short positions for GBP / USD, you need:
The pound's growth will be limited by the resistance area of 1.3149-1.3151, and the formation of a false breakdown will be a good signal for opening short positions in GBP / USD with a view to returning to the support level of 1.3092, consolidation under which will lead to a larger sale of the pound and a minimum renewal of 1.3027, where I recommend fixing the profit. In the case of growth above 1.3151 in the afternoon, you can sell for a rebound from the high of 1.3215.
Indicator signals:
Moving Averages
The 30-day average broke down the 50-day moving average, indicating a bearish market scenario. Open short positions are recommended for growth, after a test of a 50-day average.
Bollinger Bands
The trade moved to the upper part of the channel, and the middle band in the 1.3092 area performs a good support level, where it is recommended to open long positions in case of a pound drop.
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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