EN

GBPUSD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time10/8/24 9:21 AM
Direction Sell
Status Closed (1.3075)
9:21
9:21
Oct. 8, 2024
Forecast
-65 p
1.3165
Stop Loss
1.3100
Entry
+60 p
1.3040
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.027841091156006s
t_/pages/forecast: 1x 0.025998830795288s
t_/common/header-new: 1x 0.016885995864868s
t_/common/head: 1x 0.013561964035034s
t_/common/footer-new: 1x 0.0024650096893311s
router_page: 1x 0.0008080005645752s
t_/popups/on-download: 1x 0.00051307678222656s
router: 1x 0.00050592422485352s
t_/common/cookie-banner: 1x 0.00033092498779297s
service-routes: 1x 0.00019598007202148s
t_/blocks/sidebar-afil: 1x 0.0001370906829834s
router_redirection: 1x 0.00010490417480469s
t_/popups/zoom: 1x 1.2874603271484E-5s
----- END OF DUMP (2025-10-25 09:31:10)  -----