GBPUSD: medium-term buys of the pair. | 26 March 2020

26 March 2020, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.17108-1.17614. At the moment, the pair is trading higher, indicating the weakness of sellers.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 1.17123-1.17498. 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 25.03.2020.

• Quotation of the higher boundary of the zone 1/4-1.18657.

• Quotation of the higher boundary of the zone 1/2-1.17577.

• Intraday objectives: update the highs from 25.03.2020-1.19737.

• Medium-term objectives: test the lower bound of GWCZ-1.20967. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.17577-1.18657, Take Profit 1-1.19737, Take Profit 2-1.20967.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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