Permanecer 
Condições de Negociações
Ferramentas
To open long positions on GBP/USD you need:
Pound buyers will count on the growth of the PMI index for the services sector, which will help in forming a false breakdown in the support area of 1.2582, which will be the first signal to open long positions. However, the main task is still a return to the resistance of 1.2612, which will lead to a larger upward correction in the area of 1.2642, where I recommend taking profits in the first half of the day. With a decline scenario below a support of 1.2582, it is best to look at long positions for a rebound from a low of 1.2544.
To open short positions on GBP/USD you need:
A weak report on the service industry will likely pull down the pound further. A break of support at 1.2582 will increase the pressure on the pair and will lead to an update of lows of 1.2544 and 1.2513, where I recommend taking profits. Failing to consolidate above a resistance of 1.2612 will also be a good signal to open short positions. With growth above this range, you can sell for a rebound from a high of 1.2642.
Indicator signals:
Moving averages
Trading is below 30 and 50 moving averages, which indicates a downward correction in the pair.
Bollinger bands
The upward correction will be limited to the upper boundary of the channel in the region of 1.2635, while a breakthrough in the lower boundary in the region of 1.2575 will strengthen the bearish momentum.
Description of indicators
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
