To open long positions on GBP/USD it is needed: Purchasers finished the installation for the very first half of the day and are now attempting to break above the resistance of 1.3289, which will not be so simple. Only a consolidation on this variety in the 2nd half of the day will enable us to depend on more upward correction to the location of 1.3315 and 1.3346, where it is suggested to take profits. In the case of a decrease in the pound, you can return to purchasing on a rebound from 1.3249 and 1.3213.
To open long positions on GBP/USD it is needed:
The formation of an incorrect breakout and a go back to level 1.3289 will be a good signal for the opening of short positions in the pound with a view to decreasing the support level of 1.3249 to the early morning level and breaking it, with a further test of the low of the week at 1.3213, where it is recommended to take earnings. When it comes to growth above 1.3289, offering can be searched from the level of 1.3315 and on a rebound from 1.3346.
Description of indications
- MA (moving average) 50 days – yellow
- MA (moving average) 1 Month – green
- MACD: fast EMA 12, sluggish EMA 26, SMA
- Bollinger Bands 20
The product has actually been offered by InstaForex Business – www.instaforex.com