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GBPUSD: medium-term buys of the pair.

GBPUSD: medium-term buys of the pair. | 03 November 2020

03 November 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.29180-1.29420. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.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 1.29180-1.29450. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• 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 21.10.2020.

• Quotation of the higher boundary of the zone 1/4 - 1.30580.

• Quotation of the higher boundary of the zone 1/2 - 1.29380.

• Intraday objectives: update the highs from 21.10.2020-1.31780.

• Medium-term objectives: test the lower bound of GWCZ-1.33950.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.29380-1.30580, Take Profit 1-1.31780, Take Profit 2-1.33950.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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