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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 07 March 2019

07 March 2019, GBP/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30541-1.30716, 1.28792-1.28967. 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 1.30565-1.30728. 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 27.02.2019. Quotation of the higher boundary of the zone 1/4-1.32538. Quotation of the higher boundary of the zone 1/2-1.31571. Intraday objectives: update the highs from 27.02.2019-1.33481. Medium-term objectives: test the lower bound of SWCZ-1.35397.GBPUSD: medium-term buys of the pair. Trading recommendations: buys from a range of favorable prices 1.31571-1.32538 in the formation of a reversal pattern.

Buy: 1.31571-1.32538, Take Profit 1-1.33481, Take Profit 2-1.35397.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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