GBPUSD: medium-term sells of the pair.

16 May 2019, GBP/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30447-1.30618 and 1.30933-1.31105. 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 15.05.2019. Quotation of the lower boundary of the zone 1/4-1.29226. Quotation of the lower boundary of the zone 1/2-1.30173. Intraday objectives: update the lows from 15.05.2019-1.28256. 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 1.29226-1.30173 in the formation of a reversal pattern.

Sell: 1.29226-1.30173, Take Profit 1-1.28256, Take Profit 2-1.27917.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2019 FreshForex – Forex broker
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus