GBPUSD: medium-term sells of the pair. | 18 February 2019

18 February 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.28609-1.28761. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD: medium-term sells of the pair. Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located at the quotations 1.29623 and 1.30931. At the moment, the pair is trading lower, which indicates 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 14.02.2019. Quotation of the lower boundary of the zone 1/4-1.28687. Quotation of the lower boundary of the zone 1/2-1.29646. Intraday objectives: update the lows from 14.02.2019-1.27725. Medium-term objectives: test the higher bound of GWCZ -1.26423.GBPUSD: medium-term sells of the pair. Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 1.28687-1.29646 in the formation of a reversal pattern.

Sell: 1.28687-1.29646, Take Profit 1-1.27725, Take Profit 2-1.26423.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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