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

November 26, 2020 10:05:14 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.336)
10:01
10:01
Nov. 26, 2020

+90 p
1.3450
Target 2
+60 p
1.3420
Target 1
1.3360
Entry
-70 p
1.3290
Stop Loss
Chart & Analyst Comments
GBPUSD - Upward trend will continue, Long trade by market price recommended
  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  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 - 1.342, and the second one, in case of an active price increase, is at the level - 1.345