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 1.21300-1.21550. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• 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 06.11.2023.
• Quotation of the higher boundary of the zone 1/4 – 1.23530.
• Quotation of the higher boundary of the zone 1/2 – 1.22770.
• Intraday objectives: update the highs from 06.11.2023-1.24290.
• Medium-term objectives: test the lower bound of GWCZ-1.25250.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.22770-1.23530, Take Profit 1-1.24290, Take Profit 2-1.25250.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
