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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 29 July 2020

29 July 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.25420-1.25634. 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 1.26108-1.26230. 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 28.07.2020.

• Quotation of the higher boundary of the zone 1/4-1. 28432.

• Quotation of the higher boundary of the zone 1/2-1. 27352.

• Intraday objectives: update the highs from 28.07.2020-1. 29512.

• Medium-term objectives: test the lower bound of SWCZ-1. 31152.

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

• Buy: 1. 27352-1. 28432, Take Profit 1-1. 29512, Take Profit 2-1. 31152.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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