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25.04.2019 08:21 AM
Trading recommendations for the currency pair GBPUSD - placement of trading orders (April 25)

For the last trading day, the currency pair pound / dollar showed a low volatility of 74 points, but still maintaining the previously specified interest. From the point of view of technical analysis, we see that the inertial course continued, where after a short pullback from the periodic level of 1.2920, the sellers returned to the market, punching the value and moving down to the mark of 1.2888. The information and news flow is developing against the backdrop of statements by the conservative party, which asks Prime Minister Theresa May to provide a clear road map of her resignation. In turn, Theresa May herself is eager to hold next week's regular parliamentary ballots on an already consensual agreement.

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Today, in terms of the economic calendar, we have only basic orders for durable goods in the United States, where we expect a slight increase. In turn, the information background will continue to procrastinate Theresa May's desired resignation and long-playing Brexit.

United States 15:30 MSK - Basic orders for durable goods (m / m) (Mar): Prev. -0.1% ---> Forecast 0.2%

Further development

Analyzing the current trading schedule, we see that there is an attempt of an uncertain rollback, where the price forms versatile candles of the "doji" type. It is likely to assume a temporary bumpiness of 1.2890 / 1.2920, where in case of a clear fixation of the price lower than 1.2880, the downward positions may resume.

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Based on the available data, it is possible to decompose a number of variations. Let's consider them:

- We consider buying positions in case of a clear price fixing higher than 1.2930.

- Positions for sale are considered in the case of a clear price fixing lower than 1.2880.

Indicator Analysis

Analyzing a different sector of timeframes (TF), we see that there is a downward interest on the general background of the market in the short, intraday and medium term. In the case of a rollback from current values, indicators for smaller TFs can arbitrarily jump.

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Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(April 25 was based on the time of publication of the article)

The current time volatility is 22 points. In case of continuation of the inertial course, volatility may increase.

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Key levels

Zones of resistance: 1.3000 **; 1.3220 *; 1,3300 **; 1.3440; 1.3580 *; 1.3700

Support areas: 1.2920 *; 1.2770 (1.2720 / 1.2770) **; 1.2620; 1,2500 *; 1.2350 **.

* Periodic level

** Range Level

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