Forex Analysis & Reviews: 25.02.2020 - GBP/USD: plan for the...

25.02.2020 09:14 AM

GBP/USD: plan for the European session on February 25. Buyers of the pound are counting on good news on trade negotiations between the EU and the UK

To open long positions on GBPUSD, you need:

On Monday morning, the British pound fell. However, the bulls quickly took control of the market, forming the lower border of the ascending channel already in the North American session, which I drew attention to in my review yesterday. While trading is above the intermediate support of 1.2933, which acts as the middle of the wide side channel of 1.2890-1.2980, we can expect the pound to return to the maximum of last week in the area of 1.2978 and its update, which will lead to a test of the area of 1.3020, where I recommend taking the profits. Without such a scenario, talking about the long-term advantage of buyers will not be entirely true, especially since the beginning of trade negotiations between the UK and the EU promises to be very problematic. If the bulls do not cope with this task, most likely, the pressure on the pound will return. So, it is best to open new long positions after forming a false breakdown in the support area of 1.2889 or immediately on a rebound from the minimum of 1.2851.

To open short positions on GBPUSD, you need:

The sellers of the pound will try to return in the first half of day the pair under support level of 1.2933, which will increase the pressure on the pound and will update the large level of 1.2889, where I recommend fixing the profit, as there passes the top border of a new upward channel. If the bears manage to break even below this range, the GBP/USD pair will quickly return to the lows of the year in the area of 1.2851, which will indicate a resumption of the downward trend. In the scenario of further growth of the pound during the European session, you can return to short positions on a false breakdown from the level of 1.2978. However, I recommend selling the pound immediately on a rebound only from the maximum of 1.3019.

Signals of indicators:

Moving averages

Trading is conducted just above the 30 and 50 moving averages, which keeps the probability of continuing the upward correction.

Bollinger Bands

If the pair declines, the pound will be supported by the lower border of the indicator around 1.2900. A break of the upper border of the indicator in the area of 1.2950 will lead to a new wave of pound growth.

Description of indicators

Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 50. The graph is marked in yellow.
Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 30. The graph is marked in green.
MACD indicator (Moving Average Convergence / Divergence - moving average convergence / divergence) Fast EMA period 12. Slow EMA period 26. SMA period 9
Bollinger Bands (Bollinger Bands). Period 20

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Trading plan

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

GBP/USD：5月9日美國時段交易計劃（早間交易回顧）

EUR/USD：5月9日美國交易時段計劃（早盤交易回顧）

5月9日需要注意什麼？新手入門的基本事件分解

如何在5月9日交易GBP/USD貨幣對？初學者的簡單提示和交易分析

如何在5月9日交易歐元/美元對？初學者簡單提示和交易分析

2023年5月9日英鎊/美元交易建議和分析：英鎊保持穩定

5月9日EUR/USD交易建議與分析：終有結束時

GBP/USD：5月8日美國交易時段交易計劃（早盤交易回顧）

歐元/美元：5月8日美國交易時段交易計畫（上午交易回顧）

如何在5月8日交易英鎊/美元貨幣對？新手簡單交易技巧和分析

Top analytics