GBP/USD, D1
On the daily chart, the pair is growing along the upper border of Bollinger Bands. The price range is widened, which reflects the possibility of the upward trend development. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is in the neutral zone near the border of the overbought zone, the signal line is pointed upwards, after the crossing of the border the sell signal will be received.
GBP/USD, H4
On the 4-hour chart, the growth of the pair has slowed, but the restoration of the upward movement is highly possible, the instrument is trading around the upper border of Bollinger Bands. MACD histogram is in the positive zone, keeping the signal to open long positions. Stochastic has left the overbought area and formed a signal to open short positions.
Key levels
Resistance levels: 1.3825, 1.3850, 1.3900.
Support levels: 1.3750, 1.3660, 1.3600, 1.3515, 1.3450, 1.3400.
Trading tips
Long positions can be opened at the current level with the target at 1.3850 and stop loss 1.3750. Implementation period: 1–3 days.
Short positions can be opened at the level of 1.3750 with the target at 1.3660. Stop loss is 1.3790. Implementation period: 3–5 days.
Great Britan vs US Dollar
Buy Sell Spread
1.37598 1.3757 28
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 1.3782
Take Profit 1.3850
Stop Loss 1.3750
Support levels 1.3400, 1.3450, 1.3515, 1.3600, 1.3660, 1.3750, 1.3825, 1.3850, 1.3900
Alternative scenario
Recommendations SELL STOP
Entry Point 1.3750
Take Profit 1.3660
Stop Loss 1.3790
Support levels 1.3400, 1.3450, 1.3515, 1.3600, 1.3660, 1.3750, 1.3825, 1.3850, 1.3900
On the daily chart, the pair is growing along the upper border of Bollinger Bands. The price range is widened, which reflects the possibility of the upward trend development. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is in the neutral zone near the border of the overbought zone, the signal line is pointed upwards, after the crossing of the border the sell signal will be received.
GBP/USD, H4
On the 4-hour chart, the growth of the pair has slowed, but the restoration of the upward movement is highly possible, the instrument is trading around the upper border of Bollinger Bands. MACD histogram is in the positive zone, keeping the signal to open long positions. Stochastic has left the overbought area and formed a signal to open short positions.
Key levels
Resistance levels: 1.3825, 1.3850, 1.3900.
Support levels: 1.3750, 1.3660, 1.3600, 1.3515, 1.3450, 1.3400.
Trading tips
Long positions can be opened at the current level with the target at 1.3850 and stop loss 1.3750. Implementation period: 1–3 days.
Short positions can be opened at the level of 1.3750 with the target at 1.3660. Stop loss is 1.3790. Implementation period: 3–5 days.
Great Britan vs US Dollar
Buy Sell Spread
1.37598 1.3757 28
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 1.3782
Take Profit 1.3850
Stop Loss 1.3750
Support levels 1.3400, 1.3450, 1.3515, 1.3600, 1.3660, 1.3750, 1.3825, 1.3850, 1.3900
Alternative scenario
Recommendations SELL STOP
Entry Point 1.3750
Take Profit 1.3660
Stop Loss 1.3790
Support levels 1.3400, 1.3450, 1.3515, 1.3600, 1.3660, 1.3750, 1.3825, 1.3850, 1.3900