FX.co ★ Trading plan for the US session on May 14 GBP / USD

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

Buyers of the pound managed to reach the resistance level of 1.3591. However, it is impossible to get higher. Only a real breakthrough will lead to a larger upward wave in the pound with a renewal at the resistance areas of 1.3639 and 1.3689, where it is recommended to lock in profits. In case of a pound drop in the second half of the day, buying is best after the test area at 1.3541 and better on the rebound from 1.3500.

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

Consider opening short positions in the GBP / USD today is best after the formation of a false breakout at 1.3591, or after the update of a new high at 1.3639. The main goal of the sellers will be the return of the middle of the channel 1.3541 and then the update of the larger support in the area of 1.350, where it is recommended to lock in profits.

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20