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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
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
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