GBPUSD: temporary uncertainty. | 26 December 2018

26 December 2018, GBP/USD

Long-term trend: temporary uncertainty. New contract. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.26205-1.26656. At the moment, the pair is trading higher, indicating the weakness of sellers.GBPUSD: temporary uncertainty. Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.26502-1.26690. 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 24.12.2018. Quotation of the higher boundary of the zone 1/4 - 1.26422, quotation of the higher boundary of the zone 1/2 -1.25474. Intraday objectives: update the highs from 24.12.2018 - 1.27388, medium-term objectives: test the lower bound of SWCZ - 1.28604.GBPUSD: temporary uncertainty. Trading recommendations: Long-term and medium-term trends in different directions, I recommend to refrain from entering the transaction.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
James Hoggarth
Analyst of FreshForex
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