GBPUSD: medium-term sells of the pair. | 24 April 2020

24 April 2020, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.23848-1.24171. At the moment, the pair is trading lower, indicating the weakness of buyers.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 1.24878-1.25026. 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 21.04.2020.

• Quotation of the lower boundary of the zone 1/4-1.23568.

• Quotation of the lower boundary of the zone 1/2-1.24648.

• Intraday objectives: update the lows from 21.04.2020-1.22488.

• Medium-term objectives: test the higher bound of WCZ-1.22177. GBPUSD: medium-term sells of the pair.

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

• Sell: 1.23568-1.24648, Take Profit 1-1.22488, Take Profit 2-1.22177.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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