FX.co ★ Trading plan for the US session on April 25 GBP / USD

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

Buyers worked at 1.3939 support level in the morning, however, demand for the British pound is very weak. New long positions are best opened after fixing at 1.3980, which will result in the update of 1.4024 and 1.4078. In the case of a decline under the level of 1.3939 in the afternoon, buying a pound can be on the rebound from 1.3892.

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

The repeated test of 1.3939 could lead to a breakdown of this range and a larger sale of the British pound with a yield to the lows around 1.3892 and 1.3845, where I recommend fixing the profits. In the case of growth above 1.3980 in the afternoon, you can look for short positions in GBP / USD for a rebound of 1.4024.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20