FX.co ★ Trading plan for the European session on June 25 GBP / USD

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

While the trade is above 1.3244, the demand for the pound will remain, and a break and consolidation above the level of 1.3280 will be a good signal to open new long positions in the hope of reaching the highs of 1.3331 and 1.3383, where it is recommended to lock in profits. In case of a decline in the GBP / USD under the support level of 1.3244 in the morning, buying the pound can be done on the rebound from 1.3198.

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

Failure to fix and return to the level of 1.3280 or break a large level of support at 1.3244 will be a good signal for opening short positions with the main goal of reducing and updating the area of 1.3198, where it is recommended to lock in profits. In case of growth above the level of 1.3280 in the morning, short positions can be opened near the new highs of 1.3331.

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