FX.co ★ Trading plan for the US session on May 29 GBP/USD

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

The only thing buyers of the pound can expect on Tuesday is a return to the resistance of 1.3268, a steadying on which may lead to an upward correction to the area of 1.3318, where I recommend profit taking. Otherwise, it would be best to consider long positions for a rebound from 1.3187 and 1.3146.

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

While the trade is below 1.3268, the pressure on the GBP/USD will remain, and an unsuccessful attempt to consolidate on this range will be a good signal for selling, in the expectation of updating the next monthly lows in the area of 1.3227 and 1.3187. The main goal of the sellers will be the test of support at 1.3146.

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