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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairGBPUSD
Publication Time8/12/24 7:54 AM
Direction Buy
Status Closed (1.2790)
7:54
7:54
Aug. 12, 2024
Forecast
+25 p
1.2790
Target 1
1.2765
Entry
-25 p
1.2740
Stop Loss
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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. 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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