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GBPUSD: medium-term sells of the pair

GBPUSD: medium-term sells of the pair | 07 December 2018

07 December 2018, GBP/USD

Long-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quote 1.31832 and 1.27861. At the moment, the pair is trading lower, which indicates the strength of sellers.GBPUSD: medium-term sells of the pair Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.27443 - 1.27765. At the moment, the pair is trading higher, indicating the weakness 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 04.12.2018. Quotation of the lower boundary of the zone 1/4 - 1.27480, quotation of the lower boundary of the zone 1/2 -1.28336. Intraday objectives: update the lows from 04.12.2018 - 1.26586, medium-term objectives: test the higher bound of WCZ - 1.25425.GBPUSD: medium-term sells of the pair Trading recommendations: holding previously opened short positions or sells from a range of favorable prices 1.27480-1.28336 in the formation of a reversal pattern.

Sell: 1.27480-1.28336, Take Profit 1-1.26586, Take Profit 2-1.25425.

James Hoggarth
Analyst of FreshForex
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