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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 28 September 2021

28 September 2021, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36617-1.36746. At the moment, the pair is trading higher, indicating the weakness of sellers. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.36596-1.36657. 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 22.09.2021.

• Quotation of the lower boundary of the zone 1/4-1.36944.

• Quotation of the lower boundary of the zone 1/2-1.37804.

• Intraday objectives: update the lows from 22.09.2021-1.36084.

• Medium-term objectives: test the higher bound of WCZ - 1.35714.

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

• Sell: 1.36944-1.37804, Take Profit 1-1.36084, Take Profit 2-1.35714.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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