GBPUSD: medium-term sells of the pair. | 08 December 2021

08 December 2021, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.36667-1.36885. At the moment, the pair is trading lower, indicating the strength of sellers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.33144-1.33398. 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 30.11.2021.

• Quotation of the lower boundary of the zone 1/4-1.32796.

• Quotation of the lower boundary of the zone 1/2-1.33656.

• Intraday objectives: update the lows from 30.11.2021-1.31936.

• Medium-term objectives: test the higher bound of SWCZ - 1.31446.

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

• Sell: 1.32796-1.33656, Take Profit 1-1.31936, Take Profit 2-1.31446.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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