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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 08 March 2019

08 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. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.31343-1.31769. 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 07.03.2019. Quotation of the lower boundary of the zone 1/4-1.31621. Quotation of the lower boundary of the zone 1/2-1.32603. Intraday objectives: update the lows from 07.03.2019-1.30668. Medium-term objectives: test the higher bound of WCZ-1.29670. 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 1.31621-1.332603 in the formation of a reversal pattern.

Sell: 1.31621-1.332603, Take Profit 1-1.30668, Take Profit 2-1.29670.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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