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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 08 November 2019

08 November 2019, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.28554-1.28871. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 21.10.2019.

• Quotation of the higher boundary of the zone 1/4-1.29271.

• Quotation of the higher boundary of the zone 1/2-1.28311.

• Intraday objectives: update the highs from 21.10.2019-1.30231.

• Medium-term objectives: test the lower bound of GWCZ-1.31701. GBPUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 1.28311-1.29271, Take Profit 1-1.30231, Take Profit 2-1.31701.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

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

James Hoggarth
Analyst of FreshForex
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