Trading plan for the European session for GBP/ USD set on July 27 888011000 110888 To open long positions for GBP/ USD pair, you need: It is encouraged to open long positions on the pound after upgrading support 1.3071 or after breaking through and consolidating above 1.3130 level, which will result in a bigger upward correction to the location of 1.3185, where repairing earnings are suggested. To open short positions for GBP/ USD, you need: While the trade is listed below the resistance of 1.3130, the pressure on the pound will be preserved, and the development of a false breakdown at this level will be a good signal for the opening of brand-new brief positions in order to minimize the assistance location of 1.3071. The main objective of the sellers will be screening of the new low at 1.3010, where fixing earnings are advised. Description of indicationsMA( average moving)50 days-yellow MA(typical sliding) One Month-green MACD: fast EMA 12, sluggish EMA 26, SMA 9 Bollinger Bands 20 The material has been offered by InstaForex Business

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