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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 02 September 2020

02 September 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30766-1.30963. 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 1.30784-1.31076. 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 01.09.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.33743.

• Quotation of the higher boundary of the zone 1/2 - 1.32663.

• Intraday objectives: update the highs from 01.09.2020-1.34823.

• Medium-term objectives: test the lower bound of SWCZ-1.35513. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.32663-1.33743, Take Profit 1-1.34823, Take Profit 2-1.35513.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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