GBPUSD: medium-term sells of the pair. | 07 May 2021

07 May 2021, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.38924-1.39175. 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 1.38952-1.39091. 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 03.05.2021.

• Quotation of the lower boundary of the zone 1/4-1.38862.

• Quotation of the lower boundary of the zone 1/2-1. 1.39722.

• Intraday objectives: update the lows from 03.05.2021-1.38002.

• Medium-term objectives: test the higher bound of WCZ - 1.36672.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.38862-1.39722, Take Profit 1-1.38002, Take Profit 2-1.36672.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone) • SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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