GBPUSD: medium-term buys of the pair. | 03 Februari 2020

03 Februari 2020, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.30558-1.30673 and 1.31245-1.31385. At the moment, the pair is trading higher, indicating the strength of buyers.GBPUSD: medium-term buys of the pair. • Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.30527-1.30629. 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 31.02.2020.

• Quotation of the higher boundary of the zone 1/4-1.31135.

• Quotation of the higher boundary of the zone 1/2-1.30175.

• Intraday objectives: update the highs from 31.02.2020-1.32095.

• Medium-term objectives: test the lower bound of WCZ-1.33465. GBPUSD: medium-term buys of the pair.

• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.

• Buy: 1.30175-1.31135, Take Profit 1-1.32095, Take Profit 2-1.33465.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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