GBPUSD: medium-term sells of the pair. | 06 February 2019

06 February 2019, GBP/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located at the quote 1.28751. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD: medium-term sells of the pair. Medium-term trend: goes short .The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.30807-1.30975. At the moment, the pair is trading lower, which indicates the strength of sellers. 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 05.02.2019. Quotation of the lower boundary of the zone 1/4-1.30201. Quotation of the lower boundary of the zone 1/2-1.31165. Intraday objectives: update the lows from 05.02.2019-1.29211. Medium-term objectives: test the higher bound of WCZ -1.28329.GBPUSD: medium-term sells of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 1.30201-1.31165 in the formation of a reversal pattern.

Sell: 1.30201-1.31165, Take Profit 1-1.29211, Take Profit 2-1.28329.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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