Stay 
Trading Conditions
Products
Tools
To open long positions for GBP / USD, you need:
The fastening above the resistance level of 1.3164 is a good signal for pound buyers. As long as the trade is above this range, the demand for GBP / USD will continue, which will lead to a further upward trend towards the high of 1.3215 and 1.3269, the update of which will indicate the formation of a large uptrend, as all the fall from September 21 will be blocked. If the pound is lowered in the morning under the support level of 1.3164, it is best to go back to the long positions from 1.3125 and 1.3090 to the long positions.
To open short positions for GBP / USD, you need:
Sellers will try today to return to the support area of 1.3164, which will lead to the formation of a new downward wave and the renewal of lows around 1.3098 and 1.3036, where I recommend fixing the profits. In the case of further growth of the pound after the Federal Reserve's decision on interest rates, it is possible to return to short positions on a false breakdown from a maximum of 1.3215 or a rebound from 1.3269. Any news on Brexit can lead to a sharp market movement, so do not forget about the arrangement of stop orders.
Indicator signals:
Moving Averages
The 30-day moving average and the 50-day average are directed upwards, which indicates the preservation of corrective growth. While the price is above the moving average, demand for the pound will continue. The signal for GBP / USD sales will be consolidation under medium moving.
Bollinger Bands
Volatility fell sharply before the decision of the Fed. No signals.
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
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.
