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To open long positions for GBP / USD, you need:
Counting on a return to the market of pound buyers after the bad inflation data is only possible as a result of fastening at the resistance level of 1.4229, which will lead to a larger upward correction to the area of 1.4272. In case of further GBP / USD fall in the second half of the day, opening long positions is best on a rebound from 1.4147.
To open short positions for GBP / USD, you need:
While trading is below the level of 1.4229, the pressure on the pound will be maintained and an unsuccessful attempt to consolidate on this range will be a good signal to increase short positions in the GBP / USD with a view to reducing to the support level of 1.4147, where it is recommended to lock in profits. In case of growth above the level of 1.4229 in the second half of the day, selling the pound is best on a rebound from 1.4272.
Indicator description:
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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