GBPUSD: medium-term buys of the pair. | 14 Juni 2021

14 Juni 2021, GBP/USD

• Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.41072-1.41203. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.41837 -1.41948. At the moment, the pair is trading lower, indicating the weakness 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 01.06.2021.

• Quotation of the higher boundary of the zone 1/4 - 1.41657.

• Quotation of the higher boundary of the zone 1/2 - 1.40797.

• Intraday objectives: update the highs from 01.06.2021-1.42516.

• Medium-term objectives: test the lower bound of GWCZ-1.43246.

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

• Buy: 1.40797-1.41657, Take Profit 1-1.42516, Take Profit 2-1.43246.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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