GBPUSD – Flat
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.12744-1.13303. At the moment, the pair is trading higher, indicating the strength of buyers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.18713-1.18919, 1.20718-1.20990 and 1.22546-1.22808. 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 01.12.2022.
• Quotation of the higher boundary of the zone 1/4 – 1.22290.
• Quotation of the higher boundary of the zone 1/2 – 1.21170.
• Intraday objectives: update the highs from 01.12.2022-1.23410.
• Medium-term objectives: test the lower bound of GWCZ-1.24590.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.21170-1.22290, Take Profit 1-1.23410, Take Profit 2-1.24590.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
