Trading plan for the US session on June 6 GBP / USD

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

Buyers of the euro need a second test and breakdown of resistance 1.3426, from where the upward trend will continue into the region of the new high of 1.3476, where I recommend fixing the profits. In the case of GBP / USD decline in the second half of the day, it is best to open long positions for a rebound from 1.3376.

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

While the trade is below the level of 1.3426, the bears will try to play the scenario of returning the pound to the area of daytime lows, to the support area of 1.3376. If, in the second half of the day, the breakdown is 1.3426, then it’s best to return to short positions in GBP / USD on a rebound from 1.3476.

Description of indicators

MA (average sliding) 50 days – yellow

MA (average sliding) 30 days – green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Trading plan for the US session on June 6 GBP / USD