- 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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
GBPUSD - Upward trend will continue, Long trade by market price recommended
July 28, 2021 7:45:05 AM
Forecast Details
PairGBPUSD
Direction
Buy
StatusClosed (1.3955)
+80 p
1.3955
Target 1
1.3875
Entry
-80 p
1.3795
Stop Loss
Chart & Analyst Comments
