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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 28 April 2020

28 April 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.23848-1.24171. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.GBPUSD: medium-term sells of the pair. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.24878-1.25026. At the moment, the pair is trading lower, indicating the strength of sellers.

• 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 21.04.2020.

• Quotation of the lower boundary of the zone 1/4-1.23564.

• Quotation of the lower boundary of the zone 1/2-1.24644.

• Intraday objectives: update the lows from 21.04.2020-1.22484.

• Medium-term objectives: test the higher bound of WCZ-1.22174. GBPUSD: medium-term sells of the pair.

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

• Sell: 1.23564-1.24644, Take Profit 1-1.22484, Take Profit 2-1.22174.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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