GBPUSD: medium-term sells of the pair. | 16 April 2019

16 April 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30562-1.30803. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.30562-1.30803. Currently, the pair is trading within the specified range, indicating a temporary uncertainty. 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 29.03.2019. Quotation of the lower boundary of the zone 1/4-1.30732. Quotation of the lower boundary of the zone 1/2-1.31704. Intraday objectives: update the lows from 29.03.2019-1.29760. Medium-term objectives: test the higher bound of GWCZ-1.28056.GBPUSD: medium-term sells of the pair. Trading recommendations: the volume of the medium-term trend prevents the entry into the deal to sell, I recommend staying out of the market or very careful sells from the range of favorable prices 1.30732-1.31704 in the formation of a reversal pattern.

Sell: 1.30732-1.31704, Take Profit 1-1.29760, Take Profit 2-1.28056.

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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