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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 (1.3360)
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
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. 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
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