GBPUSD: medium-term buys of the pair. | 12 Juli 2023

12 Juli 2023, GBP/USD

• Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.26700-1.27300. 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 1.26950-1.27150 and 1.28840-1.29040. 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 12.07.2023.

• Quotation of the higher boundary of the zone 1/4 - 1.28697.

• Quotation of the higher boundary of the zone 1/2 - 1.27697.

• Intraday objectives: update the highs from 12.07.2023-1.29697.

• Medium-term objectives: test the lower bound of GWCZ-1.29907.GBPUSD: medium-term buys of the pair.

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

• Buy: 1.27697-1.28697, Take Profit 1-1.29697, Take Profit 2-1.29907.

• WCZ (weekly control zone)

• GWCZ (golden weekly control zone)

• SWCZ (silver weekly control zone)

James Hoggarth
Analyst of FreshForex
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