GBPUSD: medium-term buys of the pair. | 27 May 2021

27 May 2021, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.38924-1.39175. 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 1.41379 -1.41504. 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 21.05.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.41489.

• Quotation of the higher boundary of the zone 1/2 - 1.40629.

• Intraday objectives: update the highs from 21.05.2021-1.42349.

• Medium-term objectives: test the lower bound of GWCZ-1.43169.

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

• Buy: 1.40629-1.41489, Take Profit 1-1.42349, Take Profit 2-1.43169.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .