GBPUSD: medium-term buys of the pair. | 16 January 2019
16 January 2019, GBP/USD
Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.26375-1.26723. At the moment, the pair is trading higher, indicating the strength of buyers.
Medium-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.27512-1.27689. 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 14.01.2019.
Quotation of the higher boundary of the zone 1/4-1.28345.
Quotation of the higher boundary of the zone 1/2-1.27379.
Intraday objectives: update the highs from 14.01.2019-1.29316.
Medium-term objectives: test the lower bound of GWCZ-1.30020.
Trading recommendations: buys from the range of favorable prices 1.27379-1.28345 in the formation of a reversal pattern.
Buy: 1.27379-1.28345, Take Profit 1-1.29316, Take Profit 2-1.30020.
WCZ (weekly control zone)
GWCZ (golden weekly control zone)
SWCZ (silver weekly control zone)
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.
