GBPUSD: medium-term buys of the pair. | 10 September 2019

10 September 2019, GBP/USD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.21595-1.21893. 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 1.23159-1.23311. 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 09.09.2019. Quotation of the higher boundary of the zone 1/4-1.23037. Quotation of the higher boundary of the zone 1/2-1.22197. Intraday objectives: update the highs from 09.09.2019-1.23850. Medium-term objectives: test the lower bound of GWCZ-1.24657. Trading recommendations: buys from the range of favorable prices 1.22197-1.23037 in the formation of a reversal pattern.

Buy: 1.22197-1.23037, Take Profit 1-1.23850, Take Profit 2-1.24657.

WCZ (weekly control zone)

GWCZ (golden weekly control zone)

SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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