- 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.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
Chart & Analyst Comments
