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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 Time1/26/21 11:29 AM
Direction Buy
Status Closed (1.3750)
11:27
11:27
Jan. 26, 2021
Forecast
+85 p
1.3750
Target 2
+55 p
1.3720
Target 1
1.3665
Entry
-65 p
1.3600
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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 1.372, and the second one, in case of an active price increase, is at the level - 1.375
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