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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 19 September 2019

19 September 2019, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24425-1.24587. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.24341-1.24579. At the moment, the pair is trading higher, indicating the strength of buyers.

• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 17.09.2019.

• Quotation of the higher boundary of the zone 1/4-1.24454.

• Quotation of the higher boundary of the zone 1/2-1.23614.

• Intraday objectives: update the highs from 17.09.2019-1.25294.

• Medium-term objectives: test the lower bound of SWCZ-1.26394. GBPUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices 1.23614-1.24454 in the formation of a reversal pattern.

• Buy: 1.23614-1.24454, Take Profit 1-1.25294, Take Profit 2-1.26394.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

• TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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