To open long positions on the GBP / USD pair, you need:

Buyers again failed to maintain demand for the British pound, which led to a decrease and update the minimum of the day at the support level of 1.3074, which I paid attention to in my morning review. Moreover, keeping the pair from further decline keeps hope for the resumption of the rising wave in GBP/USD with a break of 1.3133 maximum, above which resistance levels of 1.3186 and 1.3233 open, where I recommend to fix profits. In the scenario of reducing the pair under the support of 1.3074, you can immediately buy to rebound from the minimum of 1.3013.

To open short positions on the GBP / USD pair, you need:

The bears coped with the morning task of returning to the level of 1.3074, however, it was not possible to break below this range. In the afternoon, a breakthrough in this area of support is required, which will strengthen the downward impulse and lead to a minimum of 1.3013 and 1.2950, where I recommend taking profits. In the case of an uptrend in the second half of the day, you can take a closer look at sales at the next unsuccessful fixing above the resistance of 1.3133 or on the rebound from the maximum of 1.3186.

More in the video forecast for January 25

Indicator signals:

Moving averages

Trade is conducted above the 30- and 50-day moving, which indicates the continuation of the bullish nature of the market.

Bollinger bands

In the case of a pound increase, sales can be viewed from the top line of the Bollinger Bands indicator around 1.3150. If the pound goes down, support will be provided by the lower limit in the area of 1.3013.

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20