FX.co ★ dusty24 | GBP/USD

Asset - GBPUSD. Analyzing the current data, it can be noticed that the asset is trading at a price of 1.34687, exceeding the moving average level of 1.34639. It can be argued that buyers dominate the market, and it is likely that the price will continue to rise. According to the LRMA BB indicator, there is a high probability of reaching the upper boundary of the indicator at the level of 1.34974. However, if fundamental data significantly influence the asset, the price may move above the upper level of LRMA BB 1.34974. Then, it may be considered to open short positions for sale at the most favorable prices. The key closing point for shorts in this strategy will be the lower price of the LRMA BB indicator, which is at 1.34303. Taking into account the above factors, a decision can be made to enter long positions. But if the price falls below the moving average, it may be a signal to sell. In this case, sellers will change their pricing policy and aim to reach the lower level of LRMA BB - 1.34303.