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04.06.2018 02:32 PM
Trading plan for the US session on June 4 for the GBP/USD

To open long positions on GBP/USD it is required:

The pound climbed to the morning resistance levels, but the main target of buyers today is the area of 1.3418, where it is recommended recording profits. In case of GBP/USD decline in the second half of the day, new buying can be considered when forming a false breakout in the area of 1.3349 or on a rebound from 1.3308.

To open short positions on GBP/USD it is required:

Considering short positions in GBP/USD is best for a rebound from resistance 1.3418, and the main task of sellers for the afternoon will be the pair's return to the morning lows area, to the support of 1.3349.

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Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski,
Analytical expert of InstaForex
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