GBPUSD | 05 April 2023

05 April 2023, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20500-1.21000. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.20700-1.20900 and 1.23700-1.23880. 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 04.04.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.24116.

• Quotation of the higher boundary of the zone 1/2 - 1.22996.

• Intraday objectives: update the highs from 04.04.2023-1.25245.

• Medium-term objectives: test the lower bound of SWCZ-1.27036.GBPUSD

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

• Buy: 1.22996-1.24116, Take Profit 1-1.25245, Take Profit 2-1.27036.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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