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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 01 November 2021

01 November 2021, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36667-1.36885. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.37198-1.37322. 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 19.10.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.37470.

• Quotation of the higher boundary of the zone 1/2 - 1.36610.

• Intraday objectives: update the highs from 19.10.2021-1.38330.

• Medium-term objectives: test the lower bound of GWCZ-1.39280.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.366120-1.37470, Take Profit 1-1.38330, Take Profit 2-1.39280.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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