GBPUSD: medium-term buys of the pair. | 20 February 2019

20 February 2019, GBP/USD

Long-term trend: goes long.The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.28609-1.28761. 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 1.29003-1.29360. 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 20.02.2019. Quotation of the higher boundary of the zone 1/4-1.29813. Quotation of the higher boundary of the zone 1/2-1.28851. Intraday objectives: update the highs from 20.02.2019-1.30768. Medium-term objectives: test the lower bound of WCZ-1.31560. Trading recommendations: buys from a range of favorable prices 1.28851-1.29813 in the formation of a reversal pattern.

Buy: 1.28851-1.29813, Take Profit 1-1.30768, Take Profit 2-1.31560.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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