GBPUSD: medium-term sells of the pair. | 02 June 2023

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24200-1.24700. At the moment, the pair is trading higher, indicating the strength of buyers.

• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.25050-1.25250. At the moment, the pair is trading higher, indicating the weakness 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 25.05.2023.

• Quotation of the lower boundary of the zone 1/4-1.24215.

• Quotation of the lower boundary of the zone 1/2-1.25335.

• Intraday objectives: update the lows from 25.05.2023-1.23095.

• Medium-term objectives: test the higher bound of WCZ - 1.22394.

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

• Sell: 1.24215-1.25335, Take Profit 1-1.23095, Take Profit 2-1.22394.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)