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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 04 June 2020

04 June 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.23302-1.23522. At the moment, the pair is trading higher, indicating the strength 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 1.22289-1.22398. 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 03.06.2020.

• Quotation of the higher boundary of the zone 1/4-1.25069.

• Quotation of the higher boundary of the zone 1/2-1.23989.

• Intraday objectives: update the highs from 03.06.2020-1.26149.

• Medium-term objectives: test the lower bound of GWCZ-1.27258. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.23989-1.25069, Take Profit 1-1.26149, Take Profit 2-1.27258.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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