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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 (1.3600)
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
main-buy-market-trend-1
  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
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