GBPUSD: medium-term sells of the pair. | 12 October 2022

12 October 2022, GBP/USD

• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.11466-1.11879. 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 1.10378-1.10623. 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 12.10.2022.

• Quotation of the lower boundary of the zone 1/4-1.10422.

• Quotation of the lower boundary of the zone 1/2-1.11442.

• Intraday objectives: update the lows from 12.10.2022-1.09382.

• Medium-term objectives: test the higher bound of GWCZ - 1.08862.GBPUSD: medium-term sells of the pair.

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

• Sell: 1.10422-1.11442, Take Profit 1-1.09382, Take Profit 2-1.08862.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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