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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 05 December 2022

05 December 2022, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12744-1.13303. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.18713-1.18919, 1.20718-1.20990 and 1.22546-1.22808. 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 01.12.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.22290.

• Quotation of the higher boundary of the zone 1/2 - 1.21170.

• Intraday objectives: update the highs from 01.12.2022-1.23410.

• Medium-term objectives: test the lower bound of GWCZ-1.24590.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.21170-1.22290, Take Profit 1-1.23410, Take Profit 2-1.24590.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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