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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 07 Septiembre 2020

07 Septiembre 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30771-1.31007. At the moment, the pair is trading higher, indicating the strength of buyers.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 1.30784-1.31076. 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 01.09.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.33742.

• Quotation of the higher boundary of the zone 1/2 - 1.32662.

• Intraday objectives: update the highs from 01.09.2020-1.34822.

• Medium-term objectives: test the lower bound of SWCZ-1.35512.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.32662-1.33742, Take Profit 1-1.34822, Take Profit 2-1.35512.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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