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GBPUSD: medium-term sells of the pair

GBPUSD: medium-term sells of the pair | 08 October 2019

08 October 2019, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24738-1.24953 and 1.22894-1.23131. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.22945-1.23102. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 01.10.2019.

• Quotation of the lower boundary of the zone 1/4-1.22962.

• Quotation of the lower boundary of the zone 1/2-1.23802.

• Intraday objectives: update the lows from 01.10.2019-1.22122.

• Medium-term objectives: test the higher bound of GWCZ-1.20912. GBPUSD: medium-term sells of the pair

• Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.22962-1.23802 in the formation of a reversal pattern.

• Sell: 1.22962-1.23802, Take Profit 1-1.22122, Take Profit 2-1.20912.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone) • TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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