27.06.201911:22 Forex Analysis & Reviews: Control zones for GBP/USD pair on 06/27/19

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The upward movement was impulsive last week but the "false test" pattern was formed at the beginning of the current week. This makes it possible to work in sales. The first reduction target is the 1/2 WCZ of 1.2615-1.2599 and the test of which will be decisive for the entire upward movement.

Working in the downward direction is corrective as long as the pair is trading above the 1/2 WCZ, thus sales require profit fixing in part or in full.

An alternative model will be growth after the formation of a pattern of "false breakdown" of yesterday's minimum. If this happens, the first goal of growth will be the maximum of the current week. The main goal will be the weekly CZ of 1.2874-1.2841, which coincides with the average weekly course.

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