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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 06 March 2020

06 March 2020, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30186-1.30340. At the moment, the pair is trading lower, indicating the strength of sellers.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 1.28050-1.28159. 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 05.03.2020.

• Quotation of the higher boundary of the zone 1/4-1.28715.

• Quotation of the higher boundary of the zone 1/2-1.27755.

• Intraday objectives: update the highs from 05.03.2020-1.29674.

• Medium-term objectives: test the lower bound of WCZ-1.31135. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.27755-1.28715, Take Profit 1-1.29674, Take Profit 2-1.31135.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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