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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 20 July 2021

20 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 1.38506-1.38645. 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 1.38480-1.38641. 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 19.07.2021.

• Quotation of the lower boundary of the zone 1/4-1.37396.

• Quotation of the lower boundary of the zone 1/2-1.38256.

• Intraday objectives: update the lows from 19.07.2021-1.36536.

• Medium-term objectives: test the higher bound of SWCZ - 1.35636.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.37396-1.38256, Take Profit 1-1.36536, Take Profit 2-1.35636.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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