GBPUSD: medium-term sells of the pair. | 17 March 2020

17 March 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.22655-1.23001. 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 1.22667-1.23012. 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 16.03.2020.

• Quotation of the lower boundary of the zone 1/4-1.22965.

• Quotation of the lower boundary of the zone 1/2-1.23925.

• Intraday objectives: update the lows from 16.03.2020-1.22004.

• Medium-term objectives: test the higher bound of SWCZ-1.20354. GBPUSD: medium-term sells of the pair.

• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.

• Sell: 1.22965-1.23925, Take Profit 1-1.22004, Take Profit 2-1.20354.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .