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GBPUSD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPUSD
Publication Time10/28/26 7:58 AM
Direction Sell
Status Market
7:58
7:58
Oct. 28, 2026
Forecast
-105 p
1.3390
Stop Loss
1.3285
Entry
+120 p
1.3165
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPUSD. As a result, we recommend considering only Short trades at this time.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. Price broke through the MVP line and rushed down. We consider this a sign for further GBPUSD price decrease.
  4. This zone is of an interest of a big player. We are expecting the price decrease of GBPUSD and the achievement of this goal within the current day.
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