GBPUSD buy trade idea 30 04 2021

#OPINIONLEADER#

BUY GBPUSD 1.3956

SL: 1.3926

TP1: 1.3976

TP2: 1.3996

TP3: 1.4016

*Trading conditions may differ between account types and brokers.

Signal Analysis 

Currency Pair: GBPUSD

BUY GBPUSD 1.3956 

Timeframe: H1

Step 1 - Previous News: GBP: -, USD: FOMC held monetary policy unchanged, holding interest rate at the targeted range of 0-0.25% and maintains monthly bond buying at $120 billion

Step 2 - Trend: Up, Trend Following

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast down turning, slow up to flat

- Stochastic: H4 in over bought

- PSAR: bullish

Step 5 - Upcoming News: GBP: -, USD: Advance GDP q/q & Unemployment Claims 2030hrs