GBPUSD – Flat
• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.20400-1.20900. 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 1.20650-1.20850 and 1.22450-1.22650. 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 23.03.2023.
• Quotation of the higher boundary of the zone 1/4 – 1.22324.
• Quotation of the higher boundary of the zone 1/2 – 1.21204.
• Intraday objectives: update the highs from 23.03.2023-1.23444.
• Medium-term objectives: test the lower bound of GWCZ-1.24784.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.21204-1.22324, Take Profit 1-1.23444, Take Profit 2-1.24784.
• 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.
