GBPUSD: medium-term buys of the pair. | 27 February 2019

27 February 2019, GBP/USD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30541-1.30716 and 1.28792-1.28967. 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 1.30565-1.30728. 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 26.02.2019. Quotation of the higher boundary of the zone 1/4-1.31917. Quotation of the higher boundary of the zone 1/2-1.30969. Intraday objectives: update the highs from 26.02.2019-1.32888. Medium-term objectives: test the lower bound of GWCZ-1.33481.GBPUSD: medium-term buys of the pair. Trading recommendations: holding previously opened positions. Buys from a range of favorable prices 1.30969-1.31917 in the formation of a reversal pattern.

Buy: 1.30969-1.31917, Take Profit 1-1.32888, Take Profit 2-1.33481.

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.
James Hoggarth
Analyst of FreshForex
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