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GBP / USD pair: plan for the US session on November 28. Bulls fight back in anticipation of news on Brexit

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

Pound buyers managed to get above the morning resistance level of 1.2773, which resulted in a small upward correction. However, the main goal is a large resistance level located slightly above yesterday's high near 1.2833, where I recommend taking profits. In the case of a decline in GBP / USD in the afternoon, it is best to return to long positions to rebound from the minimum of the month 1.2723 again under the support area of 1.2774.

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

It is best to consider a short position in the afternoon to rebound from a major resistance in the area of 1.2833. However, the main task of the pound sellers is returning to the support of 1.2774, which will allow to build the upper limit of the new downward channel and lead to the formation of a new wave of pound decline in the area of minimum 1.2723 and 1.2663, where I recommend fixing profits.

Indicator signals:

Moving averages

Trade has moved above the 30-day and 50-day moving averages, which indicates the formation of an upward correction on the pound.

Bollinger bands

Bollinger Bands indicator can be seen from the Bollinger Bands indicator of around 30750, which coincides with the 30-day moving average.

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Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

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

Bollinger Bands 20

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