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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 03 November 2022

03 November 2022, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12822-1.13399. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.15866-1.15998. 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 03.11.2022.

• Quotation of the lower boundary of the zone 1/4-1.14770.

• Quotation of the lower boundary of the zone 1/2-1.15790.

• Intraday objectives: update the lows from 03.11.2022-1.13750.

• Medium-term objectives: test the higher bound of WCZ - 1.12389.

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

• Sell: 1.14770-1.15790, Take Profit 1-1.13750, Take Profit 2-1.12389.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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