GBPUSD: medium-term buys of the pair. | 25 March 2020

25 March 2020, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.22500-1.23005. At the moment, the pair is trading lower, indicating the strength of sellers.GBPUSD: medium-term buys of the pair. • Medium-term trend: temporary uncertainty. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.22667-1.23012. At the moment, the pair is trading lower, indicating the strength of sellers.

• 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 20.03.2020.

• Quotation of the lower boundary of the zone 1/4-1.15191.

• Quotation of the lower boundary of the zone 1/2-1.16271.

• Intraday objectives: update the lows from 20.03.2020-1.14110.

• Medium-term objectives: test the higher bound of GWCZ-1.12411.

• Trading recommendations: outside the market.GBPUSD: medium-term buys of the pair.

• Sell: 1.15191-1.16271, Take Profit 1-1.14110, Take Profit 2-1.12411.

• 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
Close
Login