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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 24 March 2023

24 March 2023, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20400-1.20900. 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 1.20650-1.20850 and 1.22450-1.22650. 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 23.03.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.22343.

• Quotation of the higher boundary of the zone 1/2 - 1.21223.

• Intraday objectives: update the highs from 23.03.2023-1.23462.

• Medium-term objectives: test the lower bound of GWCZ-1.24803.

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

• Buy: 1.21223-1.22343, Take Profit 1-1.23462, Take Profit 2-1.24803.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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