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.
At the moment, the pair is trading higher, indicating the weakness of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21150-1.21300 and 1.22550-1.22700. At the moment, the pair is trading higher, indicating the strength of buyers.
• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 11.10.2023.
• Quotation of the higher boundary of the zone 1/4 – 1.22198.
• Quotation of the higher boundary of the zone 1/2 – 1.21358.
• Intraday objectives: update the highs from 11.10.2023-1.23038.
• Medium-term objectives: test the lower bound of WCZ-1.23737.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.21358-1.22198, Take Profit 1-1.23038, Take Profit 2-1.23737.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
