GBPUSD: medium-term buys of the pair. | 09 January 2019

09 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.GBPUSD: medium-term buys of the pair.

Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located at the quote 1.27703. At the moment, the pair is trading lower, indicating the weakness 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 08.01.2019.

Quotation of the higher boundary of the zone 1/4-1.27017.

Quotation of the higher boundary of the zone 1/2-1.26057.

Intraday objectives: update the highs from 08.01.2019-1.27982.

Medium-term objectives: test the lower bound of GWCZ-1.30020.GBPUSD: medium-term buys of the pair.

Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful buys from the range of favorable prices 1.26057-1.27017 in the formation of a reversal pattern.

Buy: 1.26057-1.27017, Take Profit 1-1.27982, Take Profit 2-1.30020.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

Be the first to get $5 for participation in the webinar 8.30 GMT

https://my.webinar.fm/go/a111e377/celug81

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .