Analysis of the control areas for the pair GBP/USD today 26.06.2020

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Working to weaken sterling is the main task at the moment, as previous growth has not disrupted the bearish momentum. The main strategy is to hold short positions. The first target for the drop is the weekly bottom. The decline will depend more on how the pair reacts to this bottom.

Analysis of the control areas for the pair GBP/USD today 26.06.2020It is important to note that closing the current week below the bottom of the previous week will allow us to continue the bearish pattern over the medium term. And not just short.

The formation of an alternative pattern will require the formation of an absorption pattern on the daily level. The probability of this event is less than 25%, which makes purchases from the milky regions unprofitable. It is noteworthy that the formed accumulation zone offers good sales opportunities even from the middle of the range.

Analysis of the control areas for the pair GBP/USD today 26.06.2020

Important definitions for understanding control zone analyses

Daily CZ - Daily Control Zone: The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - Weekly Control Zone: The area was formed by significant signs of the futures market, which changes several times a year.

Monthly CZ - Monthly Control Zone: region, which reflects the average fluctuations over the past year.

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