27.02.201803:09 Forex Analysis & Reviews: Trading plan for the US session on February 26 GBP/USD

GBP/USD

To open long positions for GBP/USD, it is required:

Buyers reached 1.4070, where the predicted stoppage of traffic occurred. A retest of this area can lead to a new wave of growth with a peak update in the region of 1.4129. In case the pound drops in the afternoon, you can count on long positions for a rebound after a test of the support at 1.4012.

To open short positions for GBP/USD, it is required:

While the trade is below 1.4070, sellers will win back this level, but a strong movement downwards from it has not yet happened as of the moment, which can lead to its retest and a breakdown. In this case, opening short positions would be best done for a rebound from 1.4129. In the event of a decline in the pound from the level of 1.4070, I recommend locking in the profit after a test of a large daily support of 1.4012.

Indicator description

• Moving Average (average sliding) 50 days - yellow
• Moving Average (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20