EN

GBPUSD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time11/22/24 8:25 AM
Direction Sell
Status Closed (1.2550)
8:25
8:25
Nov. 22, 2024
Forecast
-25 p
1.2600
Stop Loss
1.2575
Entry
+25 p
1.2550
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. 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.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.046052217483521s
t_/pages/forecast: 1x 0.04255485534668s
t_/common/header-new: 1x 0.026803016662598s
t_/common/head: 1x 0.020692825317383s
t_/common/footer-new: 1x 0.0038840770721436s
router_page: 1x 0.0026819705963135s
t_/common/cookie-banner: 1x 0.00087690353393555s
t_/popups/on-download: 1x 0.00084614753723145s
router: 1x 0.00061297416687012s
t_/blocks/sidebar-afil: 1x 0.00025010108947754s
service-routes: 1x 0.00022411346435547s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2026-07-11 21:09:07)  -----