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To open long positions on the GBP / USD pair, you need:
The bears did not allow the pound buyers to break through the resistance level of 1.2877, which I talked about in more detail in my morning review. At the moment, the challenge is still breaking through at 1.2877, which will open a direct road to the area of maximum at 1.2962, where I recommend taking profits. In the case of a decrease in the pound in the second half of the day, support will be found at the level of 1.2780, however, it is best to open long positions to rebound from the low of 1.2725.
To open short positions on the GBP / USD pair, you need:
The failure to consolidate above the resistance of 1.2877 led to the sale of the British pound, which I spoke about in my morning forecast. A decline and breakdown of support at 1.2780, which is the current target of the GBP/USD pair, will lead to a larger sale with testing of 1.2725 and minimum of 1.2662 where I recommend taking profits. n the case of positive news on Brexit, a break of 1.2877 will lead to an increase in pounds. In such a scenario, it is best to open short positions to rebound from the highs of 1.2962 and 1.3039.
Indicator signals:
Moving averages
Trade is conducted in the 30- and 50-day average, which indicates the lateral nature of the market.
Bollinger bands
The Bollinger Bands indicator indicates a decrease in volatility and does not give signals on the market entry.
Description of indicators
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
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