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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 10 October 2022

10 October 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13437-1.13807. 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 1.11316-1.11548. 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 07.10.2022.

• Quotation of the lower boundary of the zone 1/4-1.11579.

• Quotation of the lower boundary of the zone 1/2-1.12599.

• Intraday objectives: update the lows from 07.10.2022-1.10559.

• Medium-term objectives: test the higher bound of GWCZ - 1.08859.

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

• Sell: 1.11579-1.12599, Take Profit 1-1.10559, Take Profit 2-1.08859.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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