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20.04.2018 01:39 PM
Trading plan for the US session on April 20 GBP / USD

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

The buyers of the pound kept the level at 1.4042, and now it is necessary to return to resistance level of 1.4081, which will be a good signal for the opening of long positions, with the aim of correction in the area of 1.4127 and 1.4186. In the case of a decline below 1.4042 in the afternoon, consider buying a new pound after upgrading support 1.4004, or at a rebound of 1.3951.

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

Consider new sales of the pound best after an unsuccessful fastening at resistance level 1.4081, or sell immediately for a rebound from 1.4127. If GBP / USD declines in the afternoon to support 1.4042, we can expect pressure to remain on the pound, which will lead to new lows in the 1.4004 area.

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Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Miroslaw Bawulski,
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