To open long positions on the GBP / USD pair, you need:
Buyers missed another support level of 1.3018 after the release of a weak report on the PMI index for the services sector in the UK. At the moment, only the formation of a false breakdown in the minimum area of 1.2983 after the release of the report on the US labor market will be a signal to open long positions in GBP/USD pair with the main goal of returning and fixing above the resistance of 1.3018. Only after that can we expect the update of the morning resistance at 1.3060, where I recommend fixing the profit. In the case of a breakthrough of 1.2983, it is best to look at the pound's low of 1.2946.
To open short positions on the GBP / USD pair, you need:
Bears will count on an unsuccessful consolidation above the resistance of 1.3018, which will increase the pressure on the pound and lead to another wave of sales in the support area of 1.2983 and 1.2946, where I recommend taking profits. In case of an unsuccessful breakout of 1.2983 or growth above 1.3018 after the data on the US labor market, it is best to consider short positions for a rebound from the morning resistance level of 1.3060.
Indicator signals:
Moving averages
Trading is below 30 and 50 moving averages, which indicates the bearish nature of the market.
Bollinger bands
In the case of a company in the second half of the day, the upper limit of the indicator in the area of 1.3050 will act as resistance.
Description of indicators
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20