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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 08 November 2022

08 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 1.12870-1.13398. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.14541 - 1.14655. 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 07.11.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.14401.

• Quotation of the higher boundary of the zone 1/2 - 1.13381.

• Intraday objectives: update the highs from 07.11.2022-1.15421.

• Medium-term objectives: test the lower bound of GWCZ-1.17551.

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

• Buy: 1.13381-1.14401, Take Profit 1-1.15421, Take Profit 2-1.17551.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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