18.04.201801:30 Forex Analysis & Reviews: Trading plan for the US session on April 17 GBP / USD

To open long positions for GBP / USD, you need:

Opening new long positions in the pound is best after lowering to the intermediate support level of 1.4284. In the absence of a rapid upward trend in this range, buying is best put off by a rebound from the area of 1.4238. In the event of a return and a consolidation above the level of 1.4340 in the afternoon, it is advisable to look at long positions in order to update the high of 1.4402.

To open short positions for GBP / USD, you need:

While trading is below the level of 1.4340, 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 goal to reduce to the support level of 1.4284 and an update to 1.4238. In case of growth above the level of 1.4340 in the afternoon, selling the pound is best on a rebound from 1.4402.

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