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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 19 April 2021

19 April 2021, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.37792-1.37939. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.37302-1.37442. At the moment, the pair is trading higher, indicating the weakness of sellers.

• The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 09.04.2021.

• Quotation of the lower boundary of the zone 1/4-1.37646.

• Quotation of the lower boundary of the zone 1/2-1.38606.

• Intraday objectives: update the lows from 09.04.2021-1.36686.

• Medium-term objectives: test the higher bound of WCZ-1.35356.

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

• Sell: 1.37646-1.38606, Take Profit 1-1.36686, Take Profit 2-1.35356.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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