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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 03 December 2020

03 December 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.29180-1.29420. 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 1.33450-1.33579. 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 01.12.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.33375.

• Quotation of the higher boundary of the zone 1/2 - 1.32295.

• Intraday objectives: update the highs from 01.12.2020-1.34455.

• Medium-term objectives: test the lower bound of SWCZ-1.35425.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.32295-1.33375, Take Profit 1-1.34455, Take Profit 2-1.35425.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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