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17.01.202008:24 Forex Analysis & Reviews: Control zones of GBPUSD on 01/17/2020

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The upward movement of the pair continues for the fourth day. This indicates the interest of large players in either obtaining more favorable selling prices, or in changing the medium-term direction of momentum. The main goal of growth at the end of the week is WCZ 1/2 1.3164-1.3145. The probability of growth to this zone is 70%.

A decrease within yesterday's low will be a correction to the latest growth and will make it possible to enter the purchase with a low stop, which will make it possible to obtain a favorable risk-to-profit ratio.

An alternative fall model will be developed if today's trading closes below yesterday's low. This will make it possible for us to mention the absorption pattern at the daily level. Sales will again come to the fore on Monday.

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 zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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