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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 11 January 2019

11 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 the current contract is located in the range, of quotations 1.27339-1.27689. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 09.01.2019.

Quotation of the higher boundary of the zone 1/4-1.27071.

Quotation of the higher boundary of the zone 1/2-1.26119.

Intraday objectives: update the highs from 09.01.2019-1.28044.

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

Trading recommendations: buys from the range of favorable prices 1.26119-1.27071 in the formation of a reversal pattern.

Buy: 1.26119-1.27071, Take Profit 1-1.28044, Take Profit 2-1.30020.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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