- 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.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- Price broke through the MVP line and rushed up. We consider this a sign for further GBPUSD price increase.
- Set Take profit at the local price maximum.
Chart & Analyst Comments
