GBPUSD: medium-term sells of the pair.

16 April 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30562-1.30803. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.GBPUSD: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.30562-1.30803. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 29.03.2019. Quotation of the lower boundary of the zone 1/4-1.30732. Quotation of the lower boundary of the zone 1/2-1.31704. Intraday objectives: update the lows from 29.03.2019-1.29760. Medium-term objectives: test the higher bound of GWCZ-1.28056.GBPUSD: medium-term sells of the pair. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.30732-1.31704 in the formation of a reversal pattern.

Sell: 1.30732-1.31704, Take Profit 1-1.29760, Take Profit 2-1.28056.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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