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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 20 May 2019

20 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. 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 17.05.2019. Quotation of the lower boundary of the zone 1/4-1.28093. Quotation of the lower boundary of the zone 1/2-1.29038. Intraday objectives: update the lows from 17.05.2019-1.27118. Medium-term objectives: test the higher bound of GWCZ-1.26012. Trading recommendations: sells from the range of favorable prices .28093-1.29038 in the formation of a reversal pattern.

Sell: .28093-1.29038, Take Profit 1-1.27118, Take Profit 2-1.26012.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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