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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 12 October 2021

12 October 2021, GBP/USD

• Long-term trend: goes long. 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 weakness of buyers.GBPUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.36184-1.36310. 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 11.10.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.35889.

• Quotation of the higher boundary of the zone 1/2 - 1.35029.

• Intraday objectives: update the highs from 11.10.2021-1.36749.

• Medium-term objectives: test the lower bound of WCZ-1.37559.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.35029-1.35889, Take Profit 1-1.36749, Take Profit 2-1.37559.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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