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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 14 May 2019

14 May 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30382-1.30496 and 1.30782-1.30961. At the moment, the pair is trading lower, indicating the strength of sellers.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 1.30013-1.30159. At the moment, the pair is trading lower, indicating 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 13.05.2019. Quotation of the lower boundary of the zone 1/4-1.30366. Quotation of the lower boundary of the zone 1/2-1.31339. Intraday objectives: update the lows from 13.05.2019-1.29410. Medium-term objectives: test the higher bound of WCZ-1.27917.GBPUSD: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 1.30366-1.31339 in the formation of a reversal pattern.

Sell: 1.30366-1.31339, Take Profit 1-1.29410, Take Profit 2-1.27917.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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