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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 14 December 2018

14 December 2018, GBP/USD

Long-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quote 1.31965 and 1.27863. At the moment, the pair is trading lower, which indicates the strength of sellers. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.16176 - 1.26562. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 12.12.2018. Quotation of the lower boundary of the zone 1/4 - 1.25727, quotation of the lower boundary of the zone 1/2 -1.26676. Intraday objectives: update the lows from 12.12.2018 - 1.24768, medium-term objectives: test the higher bound of SWCZ - 1.23055.

Trading recommendations: Sells from a range of favorable prices 1.25727 – 1.26676 in the formation of a reversal pattern.

Sell: 1.25727 – 1.26676, Take Profit 1-1.24768, Take Profit 2-1.23055.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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