GBPUSD: medium-term sells of the pair. | 21 June 2022

21 June 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20694-1.20968. At the moment, the pair is trading higher, indicating the weakness 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 1.22890-1.23053. 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 17.06.2022.

• Quotation of the lower boundary of the zone 1/4-1.22546.

• Quotation of the lower boundary of the zone 1/2-1.23366.

• Intraday objectives: update the lows from 17.06.2022-1.21726.

• Medium-term objectives: test the higher bound of WCZ - 1.20786.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.22546-1.23366, Take Profit 1-1.21726, Take Profit 2-1.20786.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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