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GBPUSD: medium-term sells of the pair.

GBPUSD: medium-term sells of the pair. | 11 May 2022

11 May 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30999-1.31370. At the moment, the pair is trading lower, indicating the strength 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 1.23319-1.23582. 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 09.05.2022.

• Quotation of the lower boundary of the zone 1/4-1.23349.

• Quotation of the lower boundary of the zone 1/2-1.24089.

• Intraday objectives: update the lows from 09.05.2022-1.22608.

• Medium-term objectives: test the higher bound of GWCZ - 1.21939.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.23349-1.24089, Take Profit 1-1.22608, Take Profit 2-1.21939.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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