GBPUSD: medium-term buys of the pair. | 08 июля 2020

08 июля 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24813-1.24945. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD: medium-term buys of the pair. • Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.24803-1.24961. 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 07.07.2020.

• Quotation of the higher boundary of the zone 1/4-1.24855.

• Quotation of the higher boundary of the zone 1/2-1.23775.

• Intraday objectives: update the highs from 07.07.2020-1.25935.

• Medium-term objectives: test the lower bound of WCZ-1.26834. GBPUSD: medium-term buys of the pair.

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

• Buy: 1.23775-1.24855, Take Profit 1-1.25935, Take Profit 2-1.26834.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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