GBPUSD – Flat
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.24200-1.24700. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.25050-1.25250. 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 25.05.2023.
• Quotation of the lower boundary of the zone 1/4-1.24235.
• Quotation of the lower boundary of the zone 1/2-1.25355.
• Intraday objectives: update the lows from 25.05.2023-1.23115.
• Medium-term objectives: test the higher bound of WCZ – 1.22414.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.24235-1.25355, Take Profit 1-1.23115, Take Profit 2-1.22414.
• 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.
