GBP/USD: plan for the American session on October 11th. The probability of a successful Brexit deal increased significantly

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

The successful meeting between Barnier and Barkley led to another rise in the pound by more than 300 points, as the probability of a Brexit deal, according to the scenario proposed last week by British Prime Minister Boris Johnson, has increased significantly. At the moment, it is best to return to long positions after the correction to the support levels of 1.2570 and 1.2527. A break of the resistance of 1.2673 will provide the pound with new buyers who are able to drive the pair to new highs in the areas of 1.2705 and 1.2741.

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

I do not recommend selling the pound today.

Indicator signals:

Moving Averages

Trading is above 30 and 50 daily averages, which indicates the bullish nature of the market.

Bollinger Bands

There are no signals due to high volatility.

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

The material has been provided by InstaForex Company –

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Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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