GBPUSD: medium-term buys of the pair. | 07 January 2019

07 January 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.25940-1.26273. At the moment, the pair is trading higher, indicating the strength of buyers. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.26386-1.26723. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 07.01.2019. Quotation of the higher boundary of the zone 1/4-1.26550, quotation of the higher boundary of the zone 1/2-1.25587. Intraday objectives: update the highs from 07.01.2019-1.27499, Medium-term objectives: test the lower bound of WCZ-1.28117. Trading recommendations: Buys from a range of favorable prices 1.25587-1.26550 in the formation of a reversal pattern.

Buy: 1.25587-1.26550, Take Profit 1-1.27499, Take Profit 2-1.28117.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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James Hoggarth
Analyst of FreshForex
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