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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 06 December 2019

06 December 2019, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.28808-1.29082. At the moment, the pair is trading higher, indicating the strength of buyers. • Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.28811-1.29086. 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 05.12.2019.

• Quotation of the higher boundary of the zone 1/4-1.30704.

• Quotation of the higher boundary of the zone 1/2-1.29744.

• Intraday objectives: update the highs from 05.12.2019-1.31675.

• Medium-term objectives: test the lower bound of GWCZ-1.33544.

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

• Buy: 1.29744-1.30704, Take Profit 1-1.31675, Take Profit 2-1.33544.

• 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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