GBPUSD: medium-term sells of the pair. | 16 December 2021

16 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 1.32055-1.32301. At the moment, the pair is trading higher, indicating the weakness of sellers.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 1.32289-1.32412. 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 08.12.2021.

• Quotation of the lower boundary of the zone 1/4-1.32467.

• Quotation of the lower boundary of the zone 1/2-1.33327.

• Intraday objectives: update the lows from 08.12.2021-1.31607.

• Medium-term objectives: test the higher bound of SWCZ - 1.31397.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.32467-1.33327, Take Profit 1-1.31607, Take Profit 2-1.31397.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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