FX.co ★ Trading plan for the European session of GBP / USD pair on April 19

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

Today, buyers of the pound will seek to gain a foothold at the resistance level of 1.4215, where a further upward correction depends that may lead to a return to the area of 1.4273 and 1.4324. In the case of a decline in the pound in the morning, you can consider buying after upgrading the support level of 1.4159, or on a rebound from 1.4118.

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

The formation of a false breakout and a return to the level of 1.4215 will be the first signal for the resumption of selling the British pound major pair n order to reduce the region's new weekly lows to areas of 1.4159 and 1.4118, where fixing profits are recommended. In case of growth above 1.4215 in the morning, short positions can be opened for a rebound from 1.4273.

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