GBPUSD – Flat
• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21639-1.21866. At the moment, the pair is trading lower, indicating the weakness of buyers.
• Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.21399-1.21608. 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 05.08.2022.
• Quotation of the lower boundary of the zone 1/4-1.20924.
• Quotation of the lower boundary of the zone 1/2-1.21824.
• Intraday objectives: update the lows from 05.08.2022-1.20024.
• Medium-term objectives: test the higher bound of WCZ – 1.19364.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.20924-1.21824, Take Profit 1-1.20024, Take Profit 2-1.19364.
• 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.
