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

January 14, 2021 7:22:33 AM by Alex Zarevich
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.3685)
7:14
7:14
Jan. 14, 2021

+95 p
1.3720
Target 2
+60 p
1.3685
Target 1
1.3625
Entry
-60 p
1.3565
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on GBPUSD. As a result, we recommend considering only Long trades at this time.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.3685, and the second one, in case of an active price increase, is at the level - 1.372
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