To open long positions on GBPUSD, you need:

Buyers failed to hold the support level of 1.3085 after a weak report on slowing activity in the UK construction sector. At the moment, the priority will be to return this range with the formation of an upward correction in the area of 1.3147 and update the maximum of 1.3203, where I recommend fixing the profit. However, such growth can occur only under the scenario of a negative reaction of major players to the protocols of the Federal Reserve System. If the pair declines further, it is best to return to long positions only after the test of large support of 1.3018 or buy the pound on a rebound from the minimum of 1.2966.

To open short positions on GBPUSD, you need:

Sellers are moving according to the planned scenario, which I paid attention to in the morning forecast. While trading is below the resistance of 1.1085, we can expect the continuation of the downward correction to the lows of 1.3018 and 1.2966, where I recommend fixing the profit. If the bears miss the resistance of 1.1085 after the data from the Fed, it is best to return to short positions on the update of the maximum of 1.3147 or sell the pound immediately on the rebound from 1.3203.

Indicator signals:

Moving Averages

Trading is below the 30 and 50 daily averages, which indicates a further decline in the pound.

Bollinger Bands

If the pair grows in the second half of the day, the average border of the indicator around 1.3130 will act as a resistance.

Description of indicators

• Moving average (moving average determines the current trend by smoothing volatility and noise). Period 50. It is marked in yellow on the chart.
• Moving average (moving average determines the current trend by smoothing volatility and noise). Period 30. It is marked in green on the chart.
• MACD indicator (Moving Average Convergence/Divergence-convergence/divergence of moving averages) Fast EMA Period 12. Slow EMA Period 26. SMA Period 9
• Bollinger Bands (Bollinger Bands). Period 20