GBPUSD - Upward trend will continue, Long trade by market price recommended
October 7, 2021 6:51:49 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.36)
+90 p
1.3680
Target 2
+65 p
1.3655
Target 1
1.3590
Entry
-65 p
1.3525
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- The first target is at the level of the previous peak - 1.3655, and the second one, in case of an active price increase, is at the level - 1.368
