Control zones of GBP / USD as of July 2, 2018

The Friday motion allowed the pair to reach the NCP 1/2 1.3206-1.3192, the test of which will determine the further priority. If the instrument continues to bargain below this zone, the target of the fall will be a one-week fault at 1.3005-1.2977.

Today's test of NCP 1/2 1.3206-1.3192 allowed to get favorable prices for the sale of the instrument. The purpose of the fall is a weekly short-term target of 1.3005-1.2977, which allows you to determine the size of the take profit, which is 180p. This suggests that the range of stop-loss should not exceed 60 points. Then this transaction will be profitable over a long distance.

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When building a trading plan, it is necessary to take into account the fact that the movement of Friday was impulsive, as the pair overcame the average daily turn and was able to gain a foothold higher. Closure of today's US session above the level of 1.3206 will cancel the top-down priority and the sale may be closed, even if the stop loss is not working yet. This model will allow you to search for purchases the next day, which will require the restructuring of the trading plan.

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The daily short-term fault is the daytime control zone. The zone formed by important data from the futures market, which change several times a year.

The weekly short-term fault is the weekly control zone. The zone formed by important futures market marks, which change several times a year.

The monthly short-term fault is the monthly control zone. The zone, which is a reflection of the average volatility over the past year.

The material has been provided by InstaForex Company - www.instaforex.com