GBP/USD
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21250-1.21600.
Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21650-1.21850 and 1.21300-1.21500. At the moment, the pair is trading lower, indicating the strength of sellers.
• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 19.10.2023.
• Quotation of the lower boundary of the zone 1/4-1.21748.
• Quotation of the lower boundary of the zone 1/2-1.22588.
• Intraday objectives: update the lows from 19.10.2023-1.20908.
• Medium-term objectives: test the higher bound of WCZ – 1.20027.GBPUSD: medium-term sells of the pair.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.21748-1.22588, Take Profit 1-1.20908, Take Profit 2-1.20027.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
