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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 24 January 2019

24 January 2019, GBP/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.26444-1.26793 and 1.28711. 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 in the range, of quotations 1.28579-1.28765. 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 24.01.2019. Quotation of the higher boundary of the zone 1/4-1.29981. Quotation of the higher boundary of the zone 1/2-1.29026. Intraday objectives: update the highs from 24.01.2019-1.30939. Medium-term objectives: test the lower bound of GWCZ-1.31934.GBPUSD: medium-term buys of the pair. Trading recommendations: buys from the range of favorable prices 1.29026-1.29981 in the formation of a reversal pattern.

Buy: 1.29026-1.29981, Take Profit 1-1.30939, Take Profit 2-1.31934.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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