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

October 7, 2021 6:51:49 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.36)
6:50
6:50
Oct. 7, 2021

+90 p
1.3680
Target 2
+65 p
1.3655
Target 1
1.3590
Entry
-65 p
1.3525
Stop Loss
Chart & Analyst Comments
GBPUSD - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. 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