To open long positions on GBP/USD you need:
At the moment, the buyers' goal is to break through and consolidate above the resistance of 1.3193, which will lead to a larger upward correction to a high of 1.3251, where I recommend taking profits. In the event of a downward correction in the second half of the day, it is best to return to long positions to rebound from the lower border of the side channel of 1.3122.
To open short positions on GBP/USD you need:
A false breakdown around 1.3193 will be a signal to open short positions, however, the main task will be to consolidate the side channel below the lower boundary in the area of 1.3122, which will lead to a larger sale with updating the lows of 1.3049 and 1.2973, where I recommend to lock in the profit. With the growth scenario above the resistance of 1.3193, short positions can be safely opened from the high of 1.3251.
Indicator signals:
Moving averages
Trade is conducted in the area of 30-day and 50-day moving averages, with a slight advantage for buyers of the pound.
Bollinger bands
Bollinger Bands indicator volatility is very low, which does not give signals on market entry.
Description of indicators
MA (moving average) 50 days - yellowMA (moving average) 30 days - greenMACD: fast EMA 12, slow EMA 26, SMA 9Bollinger Bands 20