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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 21 December 2020

21 December 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.34150-1.34400. At the moment, the pair is trading lower, indicating the strength of sellers.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 1.34200-1.34350. At the moment, the pair is trading lower, indicating the weakness 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 17.12.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.35216.

• Quotation of the higher boundary of the zone 1/2 - 1.34136.

• Intraday objectives: update the highs from 17.12.2020-1.36296.

• Medium-term objectives: test the lower bound of GWCZ-1.37806.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.34136-1.35216, Take Profit 1-1.36296, Take Profit 2-1.37806.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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