FX.co ★ Trading plan for the US session on May 18 GBP / USD

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

Consider buying pound is best after updating the lower boundary of the side channel in the area of 1.3454 or after returning and fixing at morning resistance level of 1.3523, which opens a direct road to the upper boundary of 1.3563, where I recommend fixing the profits.

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

While the trade is below the morning resistance level of 1.3523, the pressure on the pound will be maintained, which will lead to the support of 1.3454, and then to the descent into the region of new lows of 1.3410 and 1.3366, where I recommend fixing the profits. In the case of a GBP / USD return to the resistance level of 1.3523, pound sales are best sought for a rebound from 1.3563 area.

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