FX.co ★ Trading plan for the US session on July 26 GBP / USD

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

Buyers need to gain a foothold above the resistance level of 1.3203, which will lead to the continuation of the upward trend with the update of the week's highs around 1.3263 and 1.3310, where I recommend fixing profits. In the event of a further decline in the pound, opening long positions is best for a rebound from 1.3139.

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

The formation of a false breakout in the area of 1.3203, which I paid attention to my morning review, now works in favor of the pound sellers. As expected, the first stop was intermediate support 1.3165, a re-test of which will lead to a larger scale to the area of 1.3139, where I recommend fixing profits. In the case of a pound in the afternoon higher than 1.3203, I advise selling only for a rebound from the resistance range 1.3263 and 1.3310.

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20