EN

GBPUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairGBPUSD
Publication Time12/4/20 9:08 AM
Direction Buy
Status Closed (1.3525)
9:06
9:06
Dec. 4, 2020
Forecast
+105 p
1.3525
Target 2
+80 p
1.3500
Target 1
1.3420
Entry
-75 p
1.3345
Stop Loss
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy GBPUSD.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. The idea of ​​this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
  4. The first target is at the level of the previous peak - 1.35, and the second one, in case of an active price increase, is at the level - 1.3525
    index: 1x 0.041153907775879s
t_/pages/forecast: 1x 0.037847995758057s
t_/common/header-new: 1x 0.024576187133789s
t_/common/head: 1x 0.02044415473938s
t_/common/footer-new: 1x 0.0031251907348633s
router_page: 1x 0.0016970634460449s
router: 1x 0.00079798698425293s
t_/popups/on-download: 1x 0.00062799453735352s
t_/common/cookie-banner: 1x 0.00043702125549316s
service-routes: 1x 0.00034809112548828s
t_/blocks/sidebar-afil: 1x 0.00024890899658203s
router_redirection: 1x 0.00016403198242188s
t_/popups/zoom: 1x 1.7881393432617E-5s
----- END OF DUMP (2024-07-27 08:20:07)  -----