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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 21 March 2019

21 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 1.31349-1.31587 and 1.32302-1.32508. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.32243-1.33270. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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.GBPUSD: medium-term buys of the pair. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to buy, I recommend staying out of the market or very careful 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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