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Forex Signals - intraday strategy for GBP / USD 28/09/10

GBP / USD pair is trading on the hourly chart in the uptrend. The course is located above the moving average with a period of 55 to the hourly chart, the level of 1.5817, thereby increasing prices.

I recommend to open long positions after the breakdown of the results of hours of resistance at 1.5903 in order to increase the resistance 1.5955 and in case of breakdown up to an hour to 1.6014. Stoploss for this strategy can be positioned at the level of 1.5860.

I recommend to open short positions after the breakdown of the results of hours of support at 1.5789 to reduce the level of support at 1.5756 in the case of its breakdown to 1.5723. Stoploss for this strategy can be positioned at the level of 1.5847.

Given that the moving average and the location of the boundaries of technical figures over time is moving, it is necessary on the hourly chart to make adjustments of their position. I also recommend the open positions on the basis of hours, to avoid false breakouts.

In the case of strong motion at the break of technical figures, I recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown.