GBPUSD: medium-term buys of the pair. | 25 May 2022

25 May 2022, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.31203-1.31370. At the moment, the pair is trading lower, indicating the weakness of buyers.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 1.24671-1.24873. 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 23.05.2022.

• Quotation of the higher boundary of the zone 1/4 - 1.25266.

• Quotation of the higher boundary of the zone 1/2 - 1.24526.

• Intraday objectives: update the highs from 23.05.2022-1.26006.

• Medium-term objectives: test the lower bound of SWCZ-1.27475.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.24526-1.25266, Take Profit 1-1.26006, Take Profit 2-1.27475.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
James Hoggarth
Analyst of FreshForex
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