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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 Time7/24/20 7:04 AM
Direction Buy
Status Closed (1.2820)
7:03
7:03
Jul. 24, 2020
Forecast
+85 p
1.2820
Target 2
+65 p
1.2800
Target 1
1.2735
Entry
-60 p
1.2675
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. 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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