To open long positions for GBP / USD pair, you need:
While the trade is above the level of 1.3758, the chance of buyers remains on the correction to the area of 1.3802. The fastening at this level will lead to the growth of GBP / USD pair to the resistance area 1.3839, where fixing profits are recommended. In the case of a pound drop in the morning, only the formation of a false breakout at 1.3758 will open up new long positions. With a different purchase scenario, a rebound will probably only from 1.3717.
To open short positions for GBP / USD pair, you need:
A break and consolidation below 1.3758 open a straight road to new monthly lows in the 1.3717 area with the main purpose of updating support 1.3648, where fixing profits are recommended. Also, short positions can be opened after an unsuccessful fastening at the level of 1.3802, or on a rebound from 1.3839.
Indicators description
MA (average sliding) 50 days - yellow MA (average sliding) 30 days - green MACD: fast EMA 12, slow EMA 26, SMA 9 Bollinger Bands 20