- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
Chart & Analyst Comments
