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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 06 October 2022

06 October 2022, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13437-1.13807. 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 1.11499-1.11755 and 1.13125-1.13494. At the moment, the pair is trading higher, indicating the strength 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 05.10.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.13911.

• Quotation of the higher boundary of the zone 1/2 - 1.12891.

• Intraday objectives: update the highs from 05.10.2022-1.14961.

• Medium-term objectives: test the lower bound of GWCZ-1.15441.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.12891-1.13911, Take Profit 1-1.14961, Take Profit 2-1.15441.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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