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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 28 October 2019

28 October 2019, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24832-1.24985 и 1.22976-1.23173. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD: medium-term buys of the pair. • Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.26632-1.27419. At the moment, the pair is trading higher, indicating the strength of buyers. • 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 21.10.2019. • Quotation of the lower boundary of the zone 1/4-1.29196. • Quotation of the lower boundary of the zone 1/2-1.28236. • Intraday objectives: update the lows from 21.10.2019-1.30160. • Medium-term objectives: test the higher bound of GWCZ - 1.31630.GBPUSD: medium-term buys of the pair. • Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern. • Buy: 1.28236-1.29196, Take Profit 1-1.30160, Take Profit 2-1.31630. • 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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