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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 Time5/16/25 8:53 AM
Direction Buy
Status Closed (1.3260)
8:53
8:53
May 16, 2025
Forecast
+55 p
1.3360
Target 2
+40 p
1.3345
Target 1
1.3305
Entry
-45 p
1.3260
Stop Loss
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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. MVP line is below the price and acts as a support level.
  3. The first target is at the level of the previous peak - 1.3345, and the second one, in case of an active price increase, is at the level - 1.336
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