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GBPUSD: medium-term buys of the pair.

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

20 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 1.31372-1.31591. 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 1.30829-1.32239.. 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 13.03.2019. Quotation of the higher boundary of the zone 1/4-1.32861. Quotation of the higher boundary of the zone 1/2-1.31894. Intraday objectives: update the highs from 13.03.2019-1.33821. Medium-term objectives: test the lower bound of GWCZ-1.35357. Trading recommendations: buys from the range of favorable prices 1.31894-1.32861 in the formation of a reversal pattern.

Buy: 1.31894-1.32861, Take Profit 1-1.33821, Take Profit 2-1.35357.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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