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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 08 May 2019

08 May 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30382-1.30959. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.30315-1.30471. At the moment, the pair is trading higher, indicating the strength of buyers. The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 03.05.2019. Quotation of the higher boundary of the zone 1/4-1.30802. Quotation of the higher boundary of the zone 1/2-1.29844. Intraday objectives: update the highs from 03.05.2019-1.31787. Medium-term objectives: test the lower bound of WCZ-1.32482.GBPUSD: medium-term buys of the pair. Trading recommendations: buys from the range of favorable prices 1.29844-1.30802 in the formation of a reversal pattern.

Buy: 1.29844-1.30802, Take Profit 1-1.31787, Take Profit 2-1.32482.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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