Trading plan for the US session of GBP / USD pair on June 28

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

Buyers of the pound need to gain a foothold above resistance level 1.3101, which will lead to a new wave of growth and exit to the region of a larger area of 1.3147, where fixing profits are recommended. In case of further GBP / USD decline in the afternoon, long positions can be opened for a rebound of 1.3040.

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

While the trade is below 1.3101, the pressure on the pound will be maintained, which will lead to new weekly lows in the 1.3040 and 1.2996 areas, where fixing profits are recommended. In case of a refund in the second half of the pound day to the level of 1.3101, I recommend postponing the sales until resistance 1.3147 is updated.

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Description of indicators

  • MA (average sliding) 50 days - yellow
  • MA (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
The material has been provided by InstaForex Company - www.instaforex.com