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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 31 May 2019

31 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 1.30541-1.31146. 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 1.30069-1.30258 and 1.26576-1.26808. 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 30.05.2019. Quotation of the lower boundary of the zone 1/4-1.26766. Quotation of the lower boundary of the zone 1/2-1.27721. Intraday objectives: update the lows from 30.05.2019-1.25805. Medium-term objectives: test the higher bound of SWCZ-1.24105. Trading recommendations: sells from the range of favorable prices 1.26766-1.27721 in the formation of a reversal pattern.

Sell: 1.26766-1.27721, Take Profit 1-1.25805, Take Profit 2-1.24105.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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