GBPUSD: medium-term sells of the pair. | 04 October 2021

04 October 2021, GBP/USD

• Long-term trend: goes short The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36617-1.36746. 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 1.35345-1.35435. 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 29.09.2021.

• Quotation of the lower boundary of the zone 1/4-1.34970.

• Quotation of the lower boundary of the zone 1/2-1.35830.

• Intraday objectives: update the lows from 29.09.2021-1.34110.

• Medium-term objectives: test the higher bound of ZWCZ - 1.34000.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.34970-1.35830, Take Profit 1-1.34110, Take Profit 2-1.34000.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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