GBPUSD: medium-term buys of the pair. | 28 December 2020

28 December 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.34132-1.34374. 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 1.34285 -1.34488. 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 24.12.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.35124.

• Quotation of the higher boundary of the zone 1/2 - 1.34044.

• Intraday objectives: update the highs from 24.12.2020-1.36204.

• Medium-term objectives: test the lower bound of GWCZ-1.38344.

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

• Buy: 1.34044-1.35124, Take Profit 1-1.36204, Take Profit 2-1.38344.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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