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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 17 December 2019

17 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 1.33124-1.33489. At the moment, the pair is trading lower, indicating the weakness 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 1.31656-1.31873. 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 13.12.2019.

• Quotation of the higher boundary of the zone 1/4-1.34133.

• Quotation of the higher boundary of the zone 1/2-1.33173.

• Intraday objectives: update the highs from 13.12.2019-1.35093.

• Medium-term objectives: test the lower bound of SWCZ-1.35593. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.33173-1.34133, Take Profit 1-1.35093, Take Profit 2-1.35593.

• 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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