GBPUSD – Flat
· Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21200-1.21800. 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 1.21400-1.21600. 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 22.12.2022.
· Quotation of the lower boundary of the zone 1/4-1.21084.
· Quotation of the lower boundary of the zone 1/2-1.22204.
· Intraday objectives: update the lows from 22.12.2022–1.19964.
· Medium-term objectives: test the higher bound of GWCZ – 1.17864.
· Trading recommendations: sells from the range of favorable prices in the formation of a reversal pattern.
· Sell: 1.21084-1.22204, Take Profit 1-1.19964, Take Profit 2-1.17864.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
