FX.co ★ Trading plan for the US session on May 15 GBP / USD

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

Buyers of the pound can now count on the support area of 1.3500 which the pair is gradually striving for. In the absence of volume at this level, opening long positions are best on a rebound from 1.3461. The main task will be to return and consolidate by the end of the day above the resistance level of 1.3550.

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

As long as the trade is below the new resistance level of 1.3550, the pressure on the pound will be maintained, which will lead to the support level of 1.3500 and then to a descent to the lower channel boundary area of 1.3461, where it is recommended to lock in profits. In the event of the GBP / USD returning to resistance level of 1.3550, selling the pound is best on a rebound from 1.3599.

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