- 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.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Price broke through the MVP line and rushed up. We consider this a sign for further GBPUSD price increase.
- Set Take profit at the local price maximum.
Chart & Analyst Comments
