GBPUSD: medium-term sells of the pair. | 05 Noviembre 2021

05 Noviembre 2021, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36667-1.36885. At the moment, the pair is trading lower, indicating the weakness 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 in the range, of quotations 1.35518-1.35665. At the moment, the pair is trading lower, indicating 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 04.11.2021.

• Quotation of the lower boundary of the zone 1/4-1.35563.

• Quotation of the lower boundary of the zone 1/2-1.36423.

• Intraday objectives: update the lows from 04.11.2021-1.34703.

• Medium-term objectives: test the higher bound of GWCZ - 1.33163.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.35563-1.36423, Take Profit 1-1.34703, Take Profit 2-1.33163.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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