GBPUSD - Upward trend will continue, Long trade by market price recommended
April 10, 2020 8:52:43 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.252)
+60 p
1.2520
Target 1
1.2460
Entry
-60 p
1.2400
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The current market situation looks like the attempt of sellers to average or enter the market at the peak. This is confirmed by the Current Ratio indicator.
- MVP line is below the price and acts as a support level.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
