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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 05 August 2019

05 August 2019, GBP/USD

Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24631-1.24844. 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 1.21553-1.21812. 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 01.08.2019. Quotation of the lower boundary of the zone 1/4-1.21631. Quotation of the lower boundary of the zone 1/2-1.22479. Intraday objectives: update the lows from 01.08.2019-1.20793. Medium-term objectives: test the higher bound of GWCZ-1.19445.GBPUSD: medium-term sells of the pair. Trading recommendations: sells from the range of favorable prices 1.21631-1.22479 in the formation of a reversal pattern.

Sell: 1.21631-1.22479, Take Profit 1-1.20793, Take Profit 2-1.19445.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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