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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 16 August 2019

16 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 1.24722-1.24968 and 1.21519-1.21664. 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 1.21494-1.21682. 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 12.08.2019. Quotation of the lower boundary of the zone 1/4-1.20995. Quotation of the lower boundary of the zone 1/2-1.21832. Intraday objectives: update the lows from 12.08.2019-1.20141. 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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