Trading plan for the US session of GBP / USD pair on July 10

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

Buyers could not catch hold of resistance at 1.3257 in the morning. For another attempt of pound growth, a second exit beyond 1.3257 is required, which could lead to an update of the daily high near 1.3296 and a further rise in GBP / USD to the resistance of 1.3359. If the pound drops in the afternoon, you can count on the support level of 1.3189.

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

While the trade is below 1.3257, the pressure on the pound will be maintained, and the repeated support test of 1.3223 will lead to a larger sellout of GBP / USD with the release of new lows of 1.3189 and 1.3157 to the region. In case of a pair growth in the second half of the day above 1.3257, you can return to sales after updating the resistance of 1.3296.


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 -