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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 16 February 2021

16 February 2021, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36626-1.36810. 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 1.38338 -1.38512. 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 16.02.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.38437.

• Quotation of the higher boundary of the zone 1/2 - 1.37357.

• Intraday objectives: update the highs from 16.02.2021-1.39517.

• Medium-term objectives: test the lower bound of SWCZ-1.40627.

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

• Buy: 1.37357-1.38437, Take Profit 1-1.39517, Take Profit 2-1.40627.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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