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

Today, the pound buyers need another false breakdown at the support level of 1.3015, which will be the first signal for opening long positions and resuming upward correction, which will lead to a test of the middle of the side channel of 1.3053, fixing on which will return GBP / USD to the resistance area of 1.3095, where I recommend fixing the profit. In the case of a breakout and decline under 1.3015, it is best to return to long positions on the test of support 1.2981 or on the rebound from the new minimum of 1.2936.

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

Repeated test of the support level of 1.3015 will lead to the demolition of a number of stop-orders of buyers and a further reduction of GBP / USD in the minimum area of 1.2981 and 1.2936, where I recommend fixing the profits. In the case of a pound growth in the first half of the day, short positions can be returned to the false breakdown from the resistance of 1.3053 or sell GBP / USD immediately to rebound from yesterday's large resistance at 1.3095.

Indicator signals:

Moving Averages

Trading has moved below the moving averages, which are directed downwards, which indicates a continuation of the downward trend.

Bollinger bands

Bollinger Bands indicator volatility falls, which plays on the side of the sellers of the pound. A break of 1.3020 lower borders will lead to a new wave of GBP / USD decline.

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

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

Bollinger Bands 20