GBPUSD: medium-term buys of the pair. | 07 February 2022

07 February 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.35332-1.35586. At the moment, the pair is trading lower, indicating the strength of sellers.GBPUSD: medium-term buys of the pair.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.33813-1.33911. At the moment, the pair is trading higher, indicating the strength of buyers.

• 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 03.02.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.35443.

• Quotation of the higher boundary of the zone 1/2 - 1.34583.

• Intraday objectives: update the highs from 03.02.2022-1.36303.

• Medium-term objectives: test the lower bound of WCZ-1.37012.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.34583-1.35443, Take Profit 1-1.36303, Take Profit 2-1.37012.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .