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03.04.202008:09 Forex Analysis & Reviews: Control zones for GBPUSD on 04/03/20

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Today the pair is trading in the middle of the flat range formed this week. This suggests the need to keep purchases open after the test WCZ 1/2 1.2268-1.2247. Opening trades from current levels is not recommended.

The upward movement formed last week is still a medium-term impulse, so holding part of the purchases is profitable.

An alternative model will develop if the closing of today's trading is lower. This will allow you to search for a pattern for selling on Monday. Short positions outside the accumulation zone are not profitable, therefore it is better to refrain from them.

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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