GBPUSD: medium-term sells of the pair | 01 October 2019

01 October 2019, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24704-1.24873. 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 1.24712-1.24831. 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 26.09.2019.

• Quotation of the higher boundary of the zone 1/4-1.23550.

• Quotation of the higher boundary of the zone 1/2-1.24390.

• Intraday objectives: update the lows from 26.09.2019-1.22689.

• Medium-term objectives: test the higher bound of WCZ-1.22529. GBPUSD: medium-term sells of the pair

• Trading recommendations: sells from the range of favorable prices 1.23550-1.24390 in the formation of a reversal pattern.

• Sell: 1.23550-1.24390, Take Profit 1-1.22689, Take Profit 2-1.22529.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone) • TRADE METALS WITHOUT SWAPS!

James Hoggarth
Analyst of FreshForex
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