GBPUSD: medium-term sells of the pair. | 14 December 2020

14 December 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.32040-1.32255. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.32720-1.32980. At the moment, the pair is trading higher, indicating the weakness 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 11.12.2020.

• Quotation of the lower boundary of the zone 1/4-1.32418.

• Quotation of the lower boundary of the zone 1/2-1.33498.

• Intraday objectives: update the lows from 11.12.2020-1.31338.

• Medium-term objectives: test the higher bound of WCZ-1.31058.

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

• Sell: 1.33498-1.32418, Take Profit 1-1.31338, Take Profit 2-1.31058.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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