FX.co ★ Trading plan for the US session on April 12 GBP/USD

To open long positions for GBP/USD, it is required:

Buyers of the pound perfectly worked the morning support of 1.4148 and returned to 1.4185. At the moment, the main task for the second half of the day will be a break and consolidation above the highs of the week at 1.4216, which opens the way to new resistance levels of 1.4255 and 1.4294. In the event of a decline in the pound in the afternoon, you can again buy for a rebound from 1.4148.

To open short positions for GBP/USD, it is required:

In case of unsuccessful growth and return for a weekly resistance of 1.4216, you can reopen short positions on the pound, in order for a drop towards the support area of 1.4180 and to re-upgrade 1.4148. With the pound growth scenario above 1.4216, sales can be seen after the resistance update at 1.4255 or on the rebound from 1.4294.

Indicator description

• Moving Average (average sliding) 50 days - yellow
• Moving Average (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20