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To open long positions on GBP/USD you need:
From a technical point of view, the situation has not changed in the face of low volatility due to the lack of reference points for Brexit. Bulls also act with caution. Their task in the first half of the day is to return to the resistance of 1.2460, from which we can again expect a second jump to the area of a high of 1.2522, where I recommend taking profits. If the pressure on the pound continues, I advise you to return to long positions only for a rebound from the major support at 1.2393, since a sufficiently large number of buy orders were concentrated there last week. In a scenario of breakdown of the low of 1.2393, it is best to buy the pound from 1.2323.
To open short positions on GBP/USD you need:
Bears have to defend the level of 1.2460, which now acts as a resistance. A good report on the balance of industrial orders according to the confederation of British industrialists and the formation of a false breakdown in this range will be a clear signal for opening new short positions in the hope of updating major support at 1.2393, where I recommend taking profits today. A further target for sellers this week will be a low of 1.2323. If the bulls return to the market and "win back" the level of 1.2460, it is best to consider new short positions by a rebound from the high of 1.2522.
Signals of indicators:
Moving averages
Trading is below 30 and 50 moving averages, indicating a slight advantage to pound sellers.
Bollinger bands
Volatility has greatly decreased, which does not provide signals for entering the market.
Description of indicators
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