- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
- The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
- Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
Chart & Analyst Comments
