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GBPUSD - Upward trend will continue, Long trade by market price recommended

July 24, 2020 7:04:24 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.2820)
Jul. 24, 2020

+85 p
Target 2
+65 p
Target 1
-60 p
Stop Loss
Chart & Analyst Comments
  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. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 1.28, and the second one, in case of an active price increase, is at the level - 1.282
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