FX.co ★ Trading plan for the US session on May 9 GBP / USD

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

The fastening above the resistance level of 1.3562 opens new highs for buyers of the British pound in the 1.3629 and 1.3689 areas, where I recommend fixing the profit. In the event of a GBP / USD returning under the level of 1.3562 in the afternoon, purchases are best considered from the support level of 1.3490.

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

A return to the support level of 1.3562 in the afternoon may lead to a resold GBP / USD with the monthly lows at around 1.3490, where I recommend fixing the profit. In the case of continuing correction, sales can be sought on the renewal of resistance 1.3629 and on the rebound from 1.3689.

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