GBPUSD: medium-term sells of the pair. | 26 September 2022

26 September 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.13424-1.13776. 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 1.13317-1.13637 and 1.12424-1.12790. 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 26.09.2022.

• Quotation of the lower boundary of the zone 1/4-1.04641.

• Quotation of the lower boundary of the zone 1/2-1.05541.

• Intraday objectives: update the lows from 26.09.2022-1.03741.

• Medium-term objectives: test the higher bound of GWCZ - 1.03011.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.04641-1.05541, Take Profit 1-1.03741, Take Profit 2-1.03011.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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