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

April 10, 2020 8:52:43 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.2520)
8:48
8:48
Apr. 10, 2020
+60 p
1.2520
Target 1
1.2460
Entry
-60 p
1.2400
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. 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.
  2. MVP line is below the price and acts as a support level.
  3. 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.
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