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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 09 June 2022

09 June 2022, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.31203-1.31370. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.25954-1.26103. 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 07.06.2022.

• Quotation of the lower boundary of the zone 1/4-1.25048.

• Quotation of the lower boundary of the zone 1/2-1.25788.

• Intraday objectives: update the lows from 07.06.2022-1.24308.

• Medium-term objectives: test the higher bound of WCZ - 1.23708.

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

• Sell: 1.25048-1.25788, Take Profit 1-1.24308, Take Profit 2-1.23708.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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