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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 24 June 2022

24 June 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.22732-1.23079. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.22685-1.22890. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 22.06.2022.

• Quotation of the lower boundary of the zone 1/4-1.22423.

• Quotation of the lower boundary of the zone 1/2-1.23242.

• Intraday objectives: update the lows from 22.06.2022-1.21603.

• Medium-term objectives: test the higher bound of WCZ - 1.20783.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.22423-1.23242, Take Profit 1-1.21603, Take Profit 2-1.20783.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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