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

December 4, 2020 9:08:25 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3525)
9:06
9:06
Dec. 4, 2020

+105 p
1.3525
Target 2
+80 p
1.3500
Target 1
1.3420
Entry
-75 p
1.3345
Stop Loss
Chart & Analyst Comments
GBPUSD - Upward trend will continue, Long trade by market price recommended
  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