GBPUSD – Flat
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20260-1.21000. 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 1.23185-1.23350. At the moment, the pair is trading higher, indicating the strength of buyers.
• 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 07.02.2023.
• Quotation of the lower boundary of the zone 1/4-1.20753.
• Quotation of the lower boundary of the zone 1/2-1.21873.
• Intraday objectives: update the lows from 07.02.2023-1.19633.
• Medium-term objectives: test the higher bound of GWCZ – 1.17853.
• Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
• Sell: 1.20753-1.21873, Take Profit 1-1.19633, Take Profit 2-1.17853.
• 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.
