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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 06 July 2021

06 July 2021, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.41072-1.41203. At the moment, the pair is trading lower, indicating the strength of sellers.GBPUSD: medium-term sells of the pair. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.38978-1.39126. At the moment, the pair is trading lower, indicating the strength 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 02.07.2021.

• Quotation of the lower boundary of the zone 1/4-1.38170.

• Quotation of the lower boundary of the zone 1/2-1. 1.39030.

• Intraday objectives: update the lows from 02.07.2021-1.37310.

• Medium-term objectives: test the higher bound of SWCZ - 1.35630.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.38170-1.39030, Take Profit 1-1.37310, Take Profit 2-1.35630.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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