GBPUSD: medium-term sells of the pair. | 29 June 2020

29 June 2020, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24028-1.24160. At the moment, the pair is trading lower, indicating the strength of sellers. • Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.24039-1.24206. 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 26.06.2020.

• Quotation of the lower boundary of the zone 1/4-1.24228.

• Quotation of the lower boundary of the zone 1/2-1.25308.

• Intraday objectives: update the lows from 26.06.2020-1.23147.

• Medium-term objectives: test the higher bound of GWCZ-1.21658.

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

• Sell: 1.24228-1.25308, Take Profit 1-1.23147, Take Profit 2-1.21658.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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