FX.co ★ Control zones for GBP/USD on 01/06/20

The closing of last week's trading occurred within the significant support zone of WCZ a 1.3092-1.3073. This indicates the formation of an accumulation zone. Closing today's trading will indicate a priority. If the closure of the US session occurs below the level of 1.3073, then sales will come to the fore, and the first target of the fall will be a weekly control zone 1.2900-1.2862.

The position of the last three European sessions indicates a change in balance in the direction of a depreciation.

To resume the upward momentum in the medium-term, it will be necessary to close today's trading above the WCZ 1/2. This will make it possible to enter into purchases and keep them up to the December high. The probability of rising and falling, at the moment, can be estimated as 50/50. This requires waiting for the close of today's trading to receive confirmation of the direction to enter.

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.